On April 22, 2021, the United States Supreme Court unanimously decided the closely watched case AMG v. FTC. Petitioners argued that the Federal Trade Commission (FTC) had no authority to get monetary relief under Section 13(b) of the FTC Act, which by its text provides for, at most, "a permanent injunction." The decision marks the end of the FTC's broad exercise of 13(b) authority to get money back from those who violate the FTC Act—for now. Section 13(b) has been a cornerstone of...

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On 9 April 2021, the Commission de surveillance du secteur financier (“CSSF”) published valuable guidance on the governance and security requirements applicable to remote/home working (“Telework”) in the form of CSSF Circular 21/769 on governance and security requirements for supervised entities to perform tasks or activities through telework (“the Circular”). 1. Scope The Circular applies to all entities subject to CSSF supervision (credit institutions, management companies, AIFMs, investment firms, specialised and support PFS, payment institutions, electronic money institutions, etc.). The Circular only applies to entities relying on Telework (defined...

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Take advantage of news analytics to enhance ESG investing, from monitoring the performance of companies to building alpha-generating trading strategies. The number of assets invested in sustainable funds has surged in recent years from just over $5bn in 2017 to $25bn in 2019 due to the increasing importance of responsible, ethical, and sustainable investing. Investors can make the most of the new trend in sustainable investing, known as ESG (Environmental, Social and Governance), with the help of RavenPack’s news analytics data. The...

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