Our 2021 Q2 Quarterly Newsletter is part of a series that provides a regular update of key regulatory issues affecting the UK/EU and the USA, to help you connect the dots.
In the UK/Europe, the goalposts have moved since the end of the Brexit transitional period – the UK is now able to make changes to its regulatory framework unilaterally and in the best interests of the domestic financial services sector. We explore how the UK might achieve this, in particular from the perspective of investment firms and fund managers and also cover specific regulatory developments and initiatives, and enforcement action over the past quarter.
In the US, the quarter was bookended by two new and significant appointments at the SEC. The quarter started out with Gary Gensler being confirmed as the new SEC Chair by the U.S. Senate on April 14 and being sworn into office on April 17. The topics discussed during his confirmation hearings may provide some insight into the focus areas the SEC sees as being more important to investors with the fresh topic of political spending disclosures being discussed along with climate change and governance.