Don’t run out of steam; DIY. Upskilling existing resource alone was not enough to tackle such a wide reaching piece of regulation and it became apparent that the market was being drained of available expertise very quickly. Without that data, it is an incredibly tortuous process to identify which contracts are likely to be impacted by a regulatory change — or Brexit negotiation, which is certain to have many twists and turns to come. However, that is no excuse to put everything on hold. Leave a comment Cancel reply To leave a comment login with your FinTech Futures account or alternatively provide your name, email address below: This briefing highlights some practical implications for firms when considering these issues.
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July 3,11am UTC Register now. References in classic literature? Those who look to take a proactive approach to the drive of greater regulation are winning in terms of their readiness to scale up and down accordingly.
Contracts may need to be repapernig to fix provisions which might unintentionally be triggered by Brexit eg termination rights or which would otherwise become ineffective or uncertain repapeting eg definitions or terms assuming the UK to be part of the EU. Answers On Innovation Thomson Reuters. Specific legal advice about your specific circumstances should always be sought separately before repapwring any action based on this publication.
To enable continued supply of goods or services Authorisations to provide goods or services to the EU from the UK or vice versa may need to be obtained and held by an EU or UK entity.
GDPR: Are you ready for re-papering?
Following the Contingency Action Plan implemented by the European Commission, several Member States have taken steps in preparing a consolidated contingency plan at national level. We are uniquely placed to design and implement highly time-efficient, value for money GDPR repapering projects due to our innovative and market-leading Alternative Legal Services ALT capability.
They do not constitute legal advice and should not be relied upon as such.
We have extensive experience: European UnionUnited Kingdom May 29 Many firms found themselves lacking the number of resources they required. Project management and flexible resourcing are the key to firms being able to mitigate the raft of regulation repaperung through to legal teams.
Follow Please login to follow content. Despite the acknowledged corporate risk associated with inadequate counterparty contract knowledge, financial institutions still cannot point to a single source of data that encompasses every aspect repaperinng activity, from onboarding throughout the entire client lifecycle. This briefing sets out the next steps, possible alternatives and their implications.
Re;apering artificial intelligence can improve the bottom line in FS. Our data protection and privacy practice is comprised of a global cross-practice team of leading experts in the field of data protection, privacy and cyber security.
Brexit: implications for contract continuity and repapering
Given the continued regulatory demands, where is the dynamic and adaptable environment that allows the legal department to rapidly scope repapering requirements? The rise of the instant bank.
The steam will penetrate better if you score the wallpaper first, especially if it’s thick, but you may leave score lines in the plaster, which is no good if you’re not replastering or repapering. It’s easy to see how web-based, or cloud-based, practice-management technology can automate the process of, say, moving from a commission-based account to a fee-based account, which almost always requires repapering.
This would impact clients – including companies, other banks and investment funds – who have taken out contracts for products such as derivatives, loans and swaps which are booked through London. New IRS audit technique guide for examination of repair and maintenance costs. This may require contract migration or amendment to add new service beneficiaries.
Please contact customerservices lexology. Login Register Follow on Twitter Search. She heads up the firm’s data protection and privacy practice in London.
For thick wallpapers, such as woodchip, scoring the paper first helps the steam penetrate, though don’t do this if you’re not repapering afterwards because you will probably leave score lines in the plaster. Our ALT team, based repapernig key hubs repqpering as Belfast, Johannesburg, Australia and China, delivers high-quality, cost-efficient managed legal services for document intensive, defined-process work.
Firms will need to consider whether and how these risks to contract continuity may be mitigated, or whether to move existing contracts to a locally-licensed entity, which may itself require repappering complex repapering exercise. IS there a way of taking off the finish on my woodchip wallpaper to get a smooth surface for repapering or painting?
Briefings 16 February Brexit: We have extensive experience: Clearly legal can no longer be left at the end of the chain to pick up the project at the last minute.