Beta meaning

In this issue New technologies Internet Data protection Advertising, marketing and sponsorship Reputation management Daily and weekly news alerts New and updated content Dates for your diary Trackers Useful information New technologies Private lawsuits to police EU bans on unacceptable AI for first six months MLex reports that the EU has adopted the EU AI Act, a sweeping framework that governs artificial intelligence according to potential harm. One major category captures unacceptable uses, which are outlawed across the EU. These prohibitions come into force on 2 February 2025, while public enforcement will not commence until August 2025, leaving initial compliance to be tested through private litigation. See: EU’s bans on unacceptable AI uses will be left to private enforcement for first six months. Tech companies urged to obtain consent before using works to train AI systems The Society of Authors (SoA) has written to leading technology companies, including Microsoft, Meta and...

The Taskforce on Inequality and Social-related Financial Disclosures (TISFD) has released Beta Version 0.1 of the TISFD Framework, a provisional international reporting framework designed to support companies and financial organisations identify, evaluate and report people-related impacts, dependencies, threats and opportunities...

In this issue: LIBOR and benchmarks Lending Security Sustainable finance Real estate finance Debt capital markets Derivatives Regulation for banking lawyers Sanctions Daily and weekly news alerts New and updated content Useful information LIBOR and benchmarks LMA publishes recommended forms for euro exposure drafts with EURIBOR fallbacks The Loan Market Association (LMA) has issued recommended-form versions of single-currency euro exposure drafts that embed €STR-based fallbacks. The templates include the International Swaps and Derivatives Association (ISDA)/Bloomberg EURIBOR-€STR Spread Adjustment, streamlined temporary fallbacks, and drafting for Central Bank Rate Adjustment. The LMA has also updated its Users Guide to explain the two-tier waterfall framework, how the reference rates clause operates, and the requirements for Italian law compliance. These updates will apply across all LMA documentation that references euros. See: LNB News 03/07/2025 55. Source: LMA—Documents & Guidelines alerts archive. Lending Ciddy Ltd v Natalia [2025] EWHC 1616 (Ch). The Chancery Division...