On 12 October 2023, the European Securities and Markets Authority (ESMA) published a supervisory briefing on the calibration of circuit breakers.
Circuit breakers are used by trading venues to protect markets against episodes of volatility affecting instruments or the whole market. They have played an important role in a variety of circumstances where volatility materialised,
Norton Rose Fulbright
Norton Rose Fulbright is a global law firm. We provide the world’s preeminent corporations and financial institutions with a full business law service. We have more than 4000 lawyers based in more than 50 cities across Europe, the United States, Canada, Latin America, Asia, Australia, Africa and the Middle East.
Norton Rose Fulbright Blogs
Blog Authors
Latest from Norton Rose Fulbright
More USA covid insurance litigation: no direct physical loss or damage
The Covid-19 insurance litigation continues in the United States of America.
The matters are now reaching the appeal courts.
In this September 2023 Nevada Supreme Court judgment the appeal court overturned the lower court’s decision to allow the case to proceed.
The court found that the Covid-19 virus did not constitute “direct physical loss or…
The challenges of air travel for disabled passengers
The recent disruptions in air travel across Europe resulted in widely-published scenes of mass chaos at airports that, for many people, evoke the worst features of air travel. Even when done well, the nature of modern air travel often does subject passengers to long queues, delays, invasive security screenings, and difficulties embarking and disembarking. One…
BoE publishes speech on the transition away from Libor
On 7 September 2023, the Bank of England (BoE) published a speech given by Arif Merali, senior advisor for the BoE, at a Libor transition panel discussion in London. Mr Merali answers questions on the transition away from Libor, considering how we got to where we are today, what remains to be done and lessons…
Transformation vs foreign investment: a balancing act of priorities for South African government
For years South Africa has battled the plight of loadshedding. Despite many promises over the years for the issue to be addressed, loadshedding has become part of our daily lives. It was therefore encouraging when, on Wednesday 23 August, South Africa signed the Framework Agreement on Cooperation in Green Energy, a joint memorandum of cooperation…
Financial services monthly wrap-up: June-July 2023
The months of June and July have seen a flurry of regulatory developments. Treasury has committed to adopting the bulk of the Quality of Advice Review Recommendations, published its second consultation paper on climate disclosure and has announced its intention to uplift Superannuation Performance Testing. As expected with the close of the financial year, disclosure…
Remote Commissioning of affidavits post covid is not condoned by the High Court unless exceptional circumstances exist
In a July 2023 Judgment, the High Court considered whether a commissioner of oaths is able to commission a document where a deponent is not physically present at commissioning.
The court was required to consider whether a founding affidavit to an application as well as the replying affidavit had been properly commissioned in compliance…
The never-ending debate of “in full and final settlement”
This blog was co-authored by Tasmia Immam Alli, Candidate Attorney
In a February 2023 Labour Appeal Court (LAC) case Wheelwright v CP De Leeuw Johannesburg (Pty) Ltd, the LAC held that a restraint of trade agreement pursuant to an employment contract can be extinguished by a full and final settlement agreement which does not…
Events, conditions and benefit groups in a life policy lead to multiple claims
This blog was co-authored by Maano Manavhela, Candidate Attorney.
A life insured, who suffered heart and arterial disease in April 2012 requiring a coronary stent and was paid 10% of a benefit amount, a bi-femoral bypass and paid 90% of the benefit amount in July 2012, was awarded another 100% of the benefit amount following…
The right to disconnect and managing the psychosocial risks of being ‘online’ outside office hours
It’s no secret that the COVID-19 pandemic disrupted the general routine of how employers and employees engage with work, causing a spike in formal policies facilitating flexible work.[1] However, there is now growing support for stronger boundaries to be put in place to distinguish workers’ personal and professional lives as they struggle against an…