Farrer & Co

This Practice Note provides details on climate change and sustainability issues facing the EU financial sector, including issues relating to biodiversity and nature. It provides an introduction to the area, setting out why climate change and sustainability is such a hot topic and explains how that has affected the EU financial sector especially when dealing with risk and financial stability. The Practice Note provides information on EU policy and legislative initiatives in this area, including the Paris Agreement 2015, Sustainable Development Goals (SDGs), and the EU Sustainable Finance Action Plan.

This Practice Note provides details on climate change and sustainability issues facing the financial sector, including issues relating to biodiversity and nature. It provides an introduction to the area, setting out why climate change and sustainability is such a hot topic and explains how that has affected the financial sector especially when dealing with risk and financial stability. The Practice Note provides information on the global and European policy and legislative initiatives in this area, such as the Paris Agreement 2015, Sustainable Development Goals (SDGs), Principles for Responsible Investment (PRI), Principles for Responsible Banking (PRB), Task Force on Climate-related Financial Disclosures (TCFD), Task Force on Nature-related Financial Disclosures (TNFD), Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector (SFDR), Regulation (EU) 2020/852 on the establishment of a framework to facilitate sustainable investment and amending Regulation (EU) 2019/2088 (Taxonomy Regulation) and Regulation (EU) 2019/2089 amending Regulation (EU) 2016/1011 as regards EU climate transition benchmarks, EU Paris-aligned benchmarks and sustainability-related disclosures for benchmarks (Low Carbon Benchmark Regulation). Policy developments, alongside regulatory and legislative measures in the UK level are also covered, as well as developments from key authorities such as the Prudential Regulatory Authority (PRA).

This Practice Note provides a summary of UK law as it applies to the use of deepfakes. A deepfake is a form of audiovisual content that has been generated or manipulated using artificial intelligence (AI) that misrepresents someone or something. The Practice Note covers: what a deepfake is; how deepfakes work; and harmful uses and applications of deepfakes—such as for entertainment, parody, political satire and healthcare. It also looks at the application of UK law to deepfakes, what social media platforms and search engines are doing to counter the issues created by deepfakes, and future technological controls including problem areas concerning technological and legislative or common law controls.

This Practice Note examines issues to consider when taking security over trust assets, including the power of trustees to borrow and grant security, issues to consider if the secured assets include land, and regulatory and documentary considerations