University of Groningen, Faculty of Law’s Post

#newsalert FINANCIAL SECTOR: INDEX, BENCHMARKS DRAFT DETERMINATIONS OUT FOR COMMENT Input is sought on draft determinations proposing a caveat to the definition of ‘index’ in the Financial Sector Regulation Act and value thresholds for critical and significant benchmarks. Subscribe to our newsletter on the latest developments in national government and parliament 👉 https://lnkd.in/eis2a-RX Published by SA Legal Academy Policy Watch #salegalacademy #capitalmarkets #southafrica #benchmark #threshold #comments

Renew commitment to high ethical standards, report on local financial governance reform argues https://lnkd.in/eUbzqsmu

Our Annual Reports 👇 This set of annual reports gives an insight into the core work we do to protect consumers and drive trust and confidence in legal services. They are a key part of making sure we are open and transparent, helping the profession and public understand the work we are doing, while sharing insights on changes in the sector. https://lnkd.in/eYkyHtRx

While some people gripe about public policy taking a lot of time and/or being too slow. Having been a policy officer before and having lectured on the topic for the last 10 years, it is slow for good reasons; public policy needs to consider the broader view and not develop policies that benefits the few at the expense of the many, it also needs to consider the possibility of unintended consequences since the cost of reversal is usually large. But most importantly, it should be based on objective facts as opposed to opinions. Thanks to IPOS International for the opportunity to lecture on this topic a diverse group of international policy makers. Find out more here - https://lnkd.in/g6jwa7vG

The 2024 Rule of Law Report shows EU countries are better prepared to detect, prevent and address emerging challenges. Strengthening administrative capacity for greater impact Public administrations also contributes to a good functioning of the single market fostering competitiveness and sustainable growth! A proactive approach to promote and defend the rule of law is at the heart of the EU's success. Have a look 👇 5th edition: https://lnkd.in/dmwtiRgX

Now the dust has settled on the FMA’s latest Statement of Intent it seems timely to look at where things are at with its outcomes-focused approach to regulation. It has been several months since the draft Fair outcomes for consumers and markets – A guide to outcomes-focused regulation dropped. After mixed reviews, the FMA has yet to confirm what happens next. In this Financial Law Insight, we take a look at what we’ve heard from the FMA since consultation closed on the draft guidance and attempt to read the tea leaves on how things might play out. Will there be a fresh title, new tunes and shiny new packaging, or just a rehash of the original? Read more here: https://zurl.co/I8zE David Ireland | Catriona Grover | Tom McLaughlin

Will finally common sense will prevail on theoretically perfect and practically impossible regulations? What's your stand on this? My feeling is that right now the only clear winners of the CSRD regulation are the Big Four. Bloated budgets both on the consultancy and verification sides, lots of uncertainties and tons of effort on the companies. A transitory period with EU institutions and public companies reporting based on the new framework, to test themselves the regulation they produce, would have very likely helped to have improved the regulation. Meanwhile, common sense is being lost along the way. https://lnkd.in/eAE9ne2H 

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