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Criminal Law Blog

30 November 2015

First deferred prosecution agreement approved

The first Deferred Prosecution Agreement (DPA) was approved today by Sir Brian Leveson, the President of the Queen’s Bench Division.  The agreement is with Standard Bank Plc (now known as ICBC Standard Bank Plc) and relates to the activities of a subsidiary in Tanzania.  As well as being the first ever DPA, the case also breaks new ground since it is the first case in which a company has been brought before the courts for an offence under Section 7 of the Bribery Act 2010, which penalises a failure by a company to prevent corruption.

11 November 2015

FCA seeks views on the new Market Abuse regime (MAR)

Market Abuse Regulation (Regulation 596/2014) (MAR) sets out a new regime for tackling unlawful behaviour” in financial markets. This EU Regulation will apply from 3 July 2016 and covers insider dealing, market manipulation and the improper disclosure of inside information.

Louise Hodges

9 November 2015

Extradition and police powers: Home Office seeks views

The Home Office published two draft Codes of Practice for the police relating to the extradition process on 2nd of November. A new code in relation to transit cases is presented alongside revised codes that governs the exercise of police powers in extradition cases.  The Home Office seeks views on whether the draft codes are correct and applicable for operational demands, while protecting the rights of individuals sought for extradition. 

Rebecca Niblock

6 November 2015

The financial industry gets a warm reception from the FCA and PRA – but individuals may still be left in the cold

Tracey McDermott,  Acting Chief Executive of the FCA, and Andrew Bailey, Chief Executive Officer of the PRA spoke at the City Banquet at Mansion House on 22 October. Both used their speeches to reflect on the work done by their respective agencies, and to outline priorities for the future.

3 November 2015

Corporate manslaughter, health and safety and food safety sentencing guidelines published

As predicted by my colleague Jonathan Grimes last week, the new definitive sentencing guideline on corporate manslaughter, health and safety and food safety (published today and effective in any case sentenced on or after 1 February 2016), allows for significantly greater fines to be imposed on convicted companies. 

Ed Smyth

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