The Financial Conduct Authority set out on Thursday its new U.K. short selling regime, which will greatly reduce reporting requirements and clarify when the regulator can use its emergency powers to stop short selling.
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FCA Unveils New Short Selling Rules To Cut Red Tape

By Alex Davidson

The Financial Conduct Authority set out on Thursday its new U.K. short selling regime, which will greatly reduce reporting requirements and clarify when the regulator can use its emergency powers to stop short selling.

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Cleary Helps Uzbekistan Fund Win $300M Backing In UK IPO

By Najiyya Budaly

Uzbekistan's sovereign wealth fund said Thursday that investors including BlackRock and Franklin Templeton have agreed to plow $300 million into its proposed initial public offering as it confirmed plans to float in London and Tashkent.

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Gov't Reports Capita Over Pension Data Breach

By Martin Croucher

The government has reported the new administrator of the Civil Service Pension Scheme to the Information Commissioner's Office over a data breach, amid growing official frustration over a botched handover.

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LITIGATION

Glencore Can Shield Internal Legal Prep Docs In Investor Case

By Sophia Dourou

Glencore does not have to disclose internal communications whose primary purpose was to obtain legal advice in its legal battle with investors who said they were misled about wrongdoing, as a court held on Thursday that they were covered by legal privilege.

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POLICY & REGULATION

UK Sanctions Body Unveils 3-Year Plan To Speed Probes

By Eddie Beaver

The state sanctions watchdog has unveiled a three-year plan to accelerate enforcement, aiming to submit 90% of new investigations for a decision within 18 months of opening them.

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EU Watchdog Eyes 25% Cut To 13 Solvency II Rulebooks

By Alex Davidson

The European Union's insurance watchdog has proposed cutting 13 sets of guidelines on Solvency II by 25% to reduce the administrative burden on insurers.

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DEALS

Brief

UK Product Testing Biz Rebuffs EQT's Indicative Takeover Bid

By Tom Fish

EQT Fund Management SARL said Thursday that it is weighing its options after product testing and certification business Intertek Group PLC rejected its preliminary takeover approach earlier this week.

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LAW FIRMS IN TODAY'S NEWS

3 Verulam Buildings

4 New Square

4 Stone Buildings

Brick Court Chambers

Bryan Cave

Cleary Gottlieb

Clifford Chance

Debevoise & Plimpton

Dentons

Fountain Court Chambers

One Essex Court

Pallas Partners

Quinn Emanuel

Stewarts Law LLP

White & Case

COMPANIES IN TODAY'S NEWS

Abu Dhabi Commercial Bank

Auerbach Grayson & Co. LLP

BlackRock Inc.

EQT Corp.

Fort Point Capital

Franklin Resources Inc.

Glencore PLC

Intertek Group PLC

London Stock Exchange Group PLC

Raiffeisen Bank International AG

The Bank of New York Mellon Corp.

Wood & Co.

GOVERNMENT AGENCIES IN TODAY'S NEWS

European Insurance and Occupational Pensions Authority

European Union

Financial Conduct Authority

Information Commissioner's Office

Office of Financial Sanctions Implementation