On 13 January 2023, the High Court handed down a landmark decision in the case of Osbourne v Persons Unknown and others [2023] EWHC 39 (KB). In what is understood to be a first in the Courts of … [Read more...] about Cryptoassets – High Court permits service of proceedings exclusively by NFT
Bank of England reports on AI in financial services
The Bank of England has published its report "Machine Learning in UK Financial Services". The report sets out its findings, following a survey of around a hundred regulated firms in the UK. It … [Read more...] about Bank of England reports on AI in financial services
UK discussion paper on AI and ML in financial services
The UK's financial services regulators - the Bank of England, the Prudential Regulation Authority and the Financial Conduct Authority (together, the Supervisory Authorities) - have jointly published a … [Read more...] about UK discussion paper on AI and ML in financial services
FCA to regulate pre-paid funeral plan sector
From 29 July 2022, the Financial Conduct Authority (FCA) will start regulating the pre-paid funeral plan sector. Anyone that intends to continue providing, or selling, pre-paid funeral plans from this … [Read more...] about FCA to regulate pre-paid funeral plan sector
New government support for UK FinTech
The first three months of this year saw record investment in UK financial technology (FinTech) firms. To further the growth of the FinTech sector, the UK Government has announced exciting new plans to … [Read more...] about New government support for UK FinTech