Global Relay Intelligence & Practice – All the latest news, insights, and publications from Global Relay.

Welcome to GRIP, Global Relay’s new digital information service on practical compliance and regulatory change.

Please enjoy this free trial of our subscription content service, for a limited time only.

AI

UK unions propose AI Bill to protect workers and employers

April 19, 2024

Unions, legal and subject matter experts link up to draft ‘ready-to-go’ Bill to fill policy gap.

Martin Cloake3 min read
AI

Stanford Uni research gives comprehensive picture of the state of AI

April 18, 2024

The University’s seventh annual index provides invaluable insight into the technology that is changing our world, and how it is being developed and regulated.

Martin Cloake4 min read
Enforcement

DOJ pilot program offers leniency for some executive criminal tipsters

April 18, 2024

Pilot program at DOJ will give immunity to executives providing information about corporate misconduct in which they were involved.

Julie DiMauro2 min read
Regulation

New regulation will reinforce market abuse surveillance in the energy market

April 18, 2024

A new law aims to protect against market abuse manipulation and reinforce market surveillance. We asked experts in the energy market for their views.

Jean Hurley, Rob Mason4 min read

ComplianceMore on Compliance

Reporting

European market participants brace for impact of US move to T+1 settlement cycle

April 17, 2024

The transition to faster securities settlement in the US will have a significant impact on UK and EU firms with holdings in North and Central America.

Tom Callaby | CMS, Daniel Lederman | CMS6 min read
Enforcement

ASIC roundup: A$20,625 penalty for audit issues, and action against blockchain mining companies

April 16, 2024

The Australian Securities & Investments Commission’s latest actions and news, April 2 – 12, 2024.

Martina Lindberg5 min read
Enforcement

SEC charges Wayzata Investment Partners under pay-to-play rule for campaign contributions

April 16, 2024

The SEC settled an administrative proceeding connected to a $4,000 campaign contribution.

Julie DiMauro2 min read
Enforcement

Supreme Court: Pure omissions not actionable under Rule 10b-5(b)

April 16, 2024

Supreme Court says shareholders can’t sue a company under Rule 10b-5(b) for not disclosing risks or trends that might have a material impact on it.

Julie DiMauro3 min read

More on Compliance

DataMore on Data

Privacy

Musk v Moraes: The tension between a billionaire and the Brazilian Supreme Court

April 16, 2024

The court has become the de facto regulator of social media in the country.

Cláudia Massaia3 min read
Privacy

Opinion: US lawmakers float new US privacy legislation – and it’s long overdue

April 12, 2024

Why the American Privacy Rights Act sets an important standard.

Julie DiMauro3 min read
Data

Increasing reports of data breaches in Denmark, Datatilsynet reveals

April 11, 2024

The Danish Data Protection Authority discloses record high number of new cases and activities in 2023.

Martina Lindberg1 min read
Privacy

UK ICO issues updated guidance on using biometric data in monitoring workers

April 9, 2024

Lessons to be learned from the ICO enforcement notice issued to Serco Leisure for unlawfully processing its employees’ biometric data.

Gwynneth Tan | Shoosmiths, Niamh Millais | Shoosmiths4 min read

ESG

JPMorgan, Citi, RBC reach deals with NYC on new climate finance metric

April 10, 2024

Three of the largest North American banks will publicly disclose their financing ratio of low-carbon energy to fossil fuels, setting a new standard for banking.

Julie DiMauro1 min read
ESG

SEC pauses climate rule amid legal challenge

April 8, 2024

Implications of SEC decision to pause on climate risk disclosure rule examined.

Julie DiMauro3 min read
ESG

ESG roundup: Texas v. Blackrock, executive comp, greenwashing, EU due diligence

March 25, 2024

Your round-up of ESG news from last week.

Julie DiMauro3 min read
ESG

Deep dive into the SEC’s climate-related disclosure rules

March 25, 2024

Practical guidance and key takeaways including recent challenges to the rules, including the temporary halt, and the SEC consolidation of charges request.

Norton Rose Fulbright LLP8 min read

RegulationMore on Regulation

Regulation

Reaction to FinCEN’s proposed sweeping AML rules as comments close

April 17, 2024

Changes intended to impose AML reporting rules on RIAs like those that have existed for BDs for over 20 years attract mixed reaction.

Julie DiMauro3 min read
FCA

FCA week in review April 8 – 12, 2024

April 15, 2024

A tough summation of failings in the Link Fund Solutions case, new investment research proposals, cost of living and motor finance feature in our roundup.

Martin Cloake2 min read
FCA

FCA consults on payment optionality for Investment Research – a new ‘bundled’ approach

April 11, 2024

The FCA has put forward plans for a new way to pay for investment research.

Tom Callaby | CMS, Ash Saluja | CMS3 min read
FCA

Firm IRD submissions scrutinized by FCA

April 11, 2024

Market Watch 78 shares the regulator’s observations on the quality of instrument reference data (IRD).

Thomas Hyrkiel1 min read

More on Regulation

TechnologyMore on Technology

AI

Explicit deepfake image creation and distribution to be offence in UK

April 18, 2024

The legislation builds on the Online Safety Act and will be part of a wider program to protect women.

Carmen Cracknell1 min read
Security

CSRB says Microsoft security culture ‘inadequate’ after US government systems breached

April 17, 2024

Cyber Safety Review Board’s scathing report on intrusion of Microsoft systems by threat actor linked with China.

Thomas Hyrkiel, Julie DiMauro4 min read
AI

AI and outsourcing: Balancing enhanced quality checks with savings

April 17, 2024

The second part of our series considers balancing the company’s need for enhanced quality checks with the desire (by the company and the outsourcing provider) to realize savings.

Barbara Melby | Morgan Lewis, Michael R. Pfeuffer | Morgan Lewis2 min read
Crypto

Hong Kong regulator approves bitcoin and ether ETFs

April 16, 2024

Opinions are divided on the wider market impact.

Carmen Cracknell1 min read

More on Technology