In brief The term ‘transition finance’ has now firmly established itself in the lexicon of financial market participants, however, there does continue to be some differing perspectives around the scope of the term’s definition. Some consider it to encompass climate transition across all sectors of the economy, whilst others take the narrower view that it concerns financing aimed at assisting higher emitting organizations, such as those involved in energy production, transportation, mining, and cement, the…
In brief On 13 February 2024, the FCA issued a Final Notice to Floris Jakobus Huisamen, the former director and compliance officer of London Capital & Finance plc (LCF), fining him GBP 31,800 and banning him from working in financial services in relation to misconduct connected to financial promotions issued by LCF. This Final Notice follows the FCA’s previous censure of LCF in October 2023 for connected behaviour. In this alert we draw out the key takeaways that compliance…