30 June 2026 was the final day of the first half of the year, and also marked exactly three months until the opening of the FCA's authorisation gateway for firms wishing to carry on regulated cryptoasset activities.
If private equity's arrival in sports feels new, that is because, compared to other asset classes, it is. Most investments have not yet reached maturity, but early examples prove there is significant potential for attractive exits: whether it is another PE buyout, a trade sale, a high-net-worth individual stepping in, or even an IPO, the potential upside is significant.
The introduction of the Consumer Duty (the Duty) in the UK in July 2023 marked a significant shift in the regulation of financial services activities carried on by UK firms for retail customers. However, perhaps inevitably for a broad, principles-based regime, determining how to apply the Duty in the context of different types of businesses, and particularly in relation to firms that are predominantly active in the wholesale markets, has frequently proved challenging.
The Supreme Court's decision, in HMRC v BlueCrest Capital Management (UK) LLP, has supported HMRC's narrow interpretation of "significant influence". For these purposes, a member's influence only counts if it derives from legal rights and duties and, to be significant, is likely to need to be strategic influence over the affairs of the LLP generally.
Is investment in defence moving from a specialised area to mainstream opportunities in strategic security infrastructure? Recent developments suggest so.
Welcome to the second edition of Travers Smith's Crisis Management and Investigations Circular, providing a bite-size round-up of recent developments in the world of crisis management and investigations.
Travers Smith LLP is delighted to announce the winners of its 2025/26 CSR Art Awards. Set up in 2015, the firm's CSR Art Programme works with graduate artists from the University of Westminster and the Royal College of Art (RCA).
The Bank of England is having a remarkably productive June, with the publication of the consultation by the Retail Payments Infrastructure Board (RPIB) (the senior advisory group chaired by the Bank) on the design of the future retail payments infrastructure. Feedback is sought by 11 September 2026.