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ARTICLE · 26 JANUARY 2024

International Funds Legal Update | 19 January 2024

Osborne Clarke LLP
Osborne Clarke LLP
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Osborne Clarke LLP

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Economic crime and transparency action, short-selling thresholds, prudential rules implementation, SDRs, and more.

GlobalFinance and Banking
Simon Thomas
Simon Thomas
David Soerensen
David Soerensen
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Economic crime and transparency action, short-selling thresholds, prudential rules implementation, SDRs, and more

In the run up to the new year, long-standing thresholds were amended, the Financial Conduct Authority (FCA) articulated what it expects from investment firms under its new prudential regime, and significant regulatory changes for green funds could be seen on the horizon both in the United Kingdom and European Union.

Remember ECCTA requires positive action

As a new year reminder, while there is no clear timetable yet, the applicable sections of the Economic Crime and Corporate Transparency Act (ECCTA) are expected to come into force in the UK during 2024. This is part of the government's anti-money laundering and counter-terrorist financing agenda.

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