Regulatory Archives

In Global

Global: Import and Export of Cannabis: What You Need to Know

January 9, 2022 by Brian Cacic, Kerry Contini, Julia Gillert, José Hoyos-Robles, Panyavith (Taro) Preechabhan, Philippe Reich and Jennifer F. Revis 2 Mins Read

Join our webinar on Thursday, 20 January 2022 for an engaging discussion on trade compliance, customs laws and risks of sanctions within the cannabis industry. Our panel of legal experts in international trade compliance will discuss such topics as: what the cannabis industry can do to be more trade compliant, how to navigate the multi-jurisdictional variances in customs laws, how to reduce the risks associated with the import and export of cannabis and how to identify and mitigate sanctions risks.

In Europe

Treasury and FCA propose stronger oversight of appointed representatives

January 9, 2022 by Mark Simpson, Caitlin McErlane and Kimberly Everitt 19 Mins Read

The FCA has published a consultation (CP21/34) proposing changes to the Appointed Representatives (AR) regime. In parallel, HM Treasury (HMT) has published a Call for Evidence on possible legislative reforms to the AR regime. These papers present significant, wide-ranging changes that have the potential to seriously impact the way that AR arrangements operate, and the burdens placed on principals in particular.

In Europe

United Kingdom: FCA publishes detailed Consumer Duty proposals

January 9, 2022 by Mark Simpson and Kimberly Everitt 12 Mins Read

On 7 December 2021, the FCA published its second consultation on the Consumer Duty, setting out more developed proposals for rules and guidance following feedback from its first consultation. The proposals set out in the first consultation have been mostly carried forward, though the FCA has made some important amendments and clarifications in response to feedback received. For more detail on the first consultation, including background to the introduction of a Consumer Duty.

In Global

International: Trade Finance Quarterly Insight | Issue 5 | December 2021

January 9, 2022 by Luka Lightfoot, Nick Tostivin and Michael Foundethakis 1 Min Read

Our December issue of Trade Finance Quarterly leads with commentary on two long awaited documents in the trade finance market – the LMA borrowing base facility and the Uniform Rules for Digital Trade Transaction.

In Global

Global: Crypto Boot Camp Training Series

January 8, 2022 by Sue McLean, Samuel G. Kramer, Roger van de Berg, Mark Simpson, Iris Barsan, Julian Hui, Dr. Yves Mauchle, Christopher Murrer, Gavin Raftery, Bill Fuggle, Stephanie Magnus, Karen Man and Kullarat Phongsathaporn 2 Mins Read

The recent increase in value of cryptoassets as an investment class along with media coverage associated with high profile large investors has resulted in regulators warning investors to be cautious of the associated volatility risk. Against the background of these recent developments, we’re seeing increasing demand for legal advice in this area.

Episode 21: COP26 Key Takeaways for Sovereign Wealth Funds
In this episode of FInsight, Andrew Hedges and Kay She from Baker McKenzie’s EMI group in London discuss their experience and observations while on the ground in Glasgow. They cover business imperatives and challenges affecting the global economy and how sovereign wealth funds are well-positioned to influence and make an impact on broader sustainability goals and action plans. As discussions on climate-related issues evolve from commitments to execution in the recent COP26 UN Climate Change Conference, we unpack some of the key takeaways relevant for sovereign wealth funds.

In Corporate Compliance

Poland: HR Alert – December 2021

January 4, 2022 by Michał Lisawa 5 Mins Read

This HR alert features the following: Polish Deal and employment law, Whistleblowers, Significant changes to immigration laws, Opinion of labour inspection on vaccination of employees, New regulations concerning work-life balance.

In Corporate Compliance

Global: 2021/2022 Digital Transformation and Cloud Survey

January 3, 2022 by Adam Aft, Brian Hengesbaugh, Peter R. George, Anne-Marie Allgrove, Isabella Liu, Sonia Ong, Andy Leck, Florian Tannen, Steve Holmes, Vanina Caniza, Carlos Alberto Vela-Treviño and Flavia Rebello 1 Min Read

The latest iteration of our annual Digital Transformation and Cloud Survey features insights from 500 global respondents, who cite heightened attention on and investment in cybersecurity, AI and the cloud as indicators of digital transformation being an integral part of enterprise thinking and planning. In this report, we provide these results together with insights from our almost decade of surveying the marketplace and thought leadership in digital transformation and cloud.

In Corporate Compliance

Global: Finding Balance: The Post-COVID Landscape for Financial Institutions

January 3, 2022 by Jonathan Peddie, Stephanie Magnus, Jiro Toyokawa, Sue McLean, Christoph Kurth, Juan Carlos de Los Heros, Michael Fieweger and Amy J. Greer 8 Mins Read

The risks arising from unsustainable indebtedness to which both traditional and alternative financing sectors have exposure are higher in emerging economies, where the debt burden is much more elevated generally and whose borrowers are more susceptible to default if (as is expected), US dollar interest rates rise. Emerging economies with less policy intervention, monitoring and regulation are more vulnerable than advanced economies. This eighth installment focuses on the phenomena of rising global indebtedness and alternative financing.

In Covid-19

Mexico: New Coordination Agreement over Health Control with the State of Baja California improves the local regulatory environment for medical devices

January 2, 2022 by Christian Alejandro Lopez-Silva and Alejandra Roman Gonzalez 2 Mins Read

On 16 November 2021 a new Coordination Agreement (CA) over Health Control, executed between the Federal Ministry of Health and the State of Baja California (“Baja”), was published on the Federation’s Official Gazette. This new CA has a particular impact over the medical devices industry operating in Baja, improving greatly the regulatory environment.