What It Means for the Tech Industry On 13 January 2025, the US Department of Commerce Bureau of Industry and Security (BIS) introduced fresh restrictions on exporting advanced artificial intelligence (AI) chips and certain closed AI model weights. The move, which was widely anticipated, has already drawn criticism from major tech and semiconductor firms. The […]
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A New Marketplace for Private Shares The Financial Conduct Authority (FCA) is shaking up the private investment space with the launch of PISCES — the Private Intermittent Securities and Capital Exchange System. In its latest consultation paper CP24/29, the FCA outlines how this innovative new platform will operate, creating a fresh marketplace for buying and
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New Sustainability Labels EU Proposes New Sustainability Labels for Financial Products The EU is making moves to simplify the complex world of sustainable finance. On 17 December 2024, the EU Platform on Sustainable Finance, an advisory body to the European Commission, published recommendations to reshape the way sustainable finance products are categorised under the Sustainable
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Unlocking Capital and Accelerating Digital Innovation The Financial Conduct Authority (FCA) has responded to the government’s call for a regulatory framework that supports economic growth while maintaining consumer protection, market integrity, and competition. In a letter dated 24 December 2024, the FCA outlined its commitment to working collaboratively with the government and industry stakeholders to
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A Closer Look at CP24/2 and Its Revisions In February 2024, the UK’s Financial Conduct Authority (FCA) unveiled Consultation Paper CP24/2, proposing significant changes to its Enforcement Guide. The primary aim was to increase transparency by publicly announcing the commencement of enforcement investigations. This initiative intended to bolster market integrity and deter potential misconduct. Key
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Key Proposed Changes to MiFID by the FCA The UK Financial Conduct Authority (FCA) is planning several changes to the MiFID (Markets in Financial Instruments Directive) framework as part of its efforts to tailor financial regulations to better fit the UK market post-Brexit. The changes, outlined in the recent consultation paper CP24/24, focus on simplifying
What You Need to Know The UK government has introduced the Data (Use and Access) Bill (DUA Bill), a sweeping piece of legislation aimed at modernising how data is handled across public and private sectors. Announced in the King’s Speech of July 2024, the Bill is designed to: But what’s actually changing? Let’s break it
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Key Principles of the AI Action Plan The U.K. government’s approach is guided by a few core principles: 1. Laying the Foundations for AI Building Secure and Sustainable AI Infrastructure To establish a strong AI ecosystem, the UK needs robust computational resources. The plan outlines a three-pronged strategy to achieve this: Key actions include a
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Resilience and flexibility will be key As the European Union (EU) navigates the complexities of a shifting global landscape, the return of Donald Trump to the White House presents both challenges and opportunities for economic, financial, and business relations between the two transatlantic partners. With a strong emphasis on “America First” policies, the EU must
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The coldest, the shortest and mishaps! On this important day for the U.S. and the world, below are ten fun facts on U.S. inaugurations: 1. The Coldest Inauguration:Ronald Reagan’s second inauguration in 1985 was so cold (7°F/-14°C with a wind chill of -20°F) that the ceremony had to be moved indoors, and the parade was
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