Binding corporate rules meaning

This Checklist outlines which companies and limited liability partnerships (LLPs) fall within the main UK and EU compulsory environmental reporting regimes. It offers a high-level overview and points to the sources for the applicable reporting rules. For fuller coverage of the binding reporting obligations, see Practice Notes: CSR, ESG and human rights reporting and initiatives and EU mandatory corporate sustainability reporting. For an overview of the voluntary disclosures many companies and LLPs follow, see Practice Notes: TCFD recommendations and other ESG reporting frameworks, standards and benchmarks [Archived] and Investor group guidance on environmental, social and governance (ESG) issues. UK requirements Strategic report to contain description of principal risks and uncertainties. Scope: All companies (other than micro and small companies). Traded LLPs and banking LLPs. Source: Companies Act 2006 (CA 2006), CA 2006, s 414C(2)(b). Applied to traded LLPs and banking LLPs by Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, SI 2008/1911, Reg 12A. ...

STOP PRESS: This document is being revised to take account of the Data (Use and Access) Act 2025 (DUAA 2025), which updates the UK GDPR and the Data Protection Act 2018. For more on the compliance impact of DUAA 2025, see Practice Note: Data (Use and Access) Act 2025—compliance implications... This Flowchart steers you through the lawful mechanisms for sending personal data to a country outside the UK, for example: an adequacy decision or regulation appropriate safeguards such as standard contractual clauses (SCCs) or the International Data Transfer Agreement (IDTA), or binding corporate rules (BCRs) a derogation Such transfers are barred by the data protection regime unless one of these tools is in place. These mechanisms exist to ensure data subjects remain protected when their personal data leaves the UK... The mechanisms follow a hierarchy, and this Flowchart helps you select the route most suitable for your organisation and processing operations... This Flowchart reflects the UK General Data...

ARCHIVED: This flowchart is archived and is no longer maintained...

STOP PRESS: This document is currently being revised to take account of the implementation of the Data (Use and Access) Act 2025 (DUAA 2025), which modifies the UK GDPR and the Data Protection Act 2018. For further guidance on the compliance impact of DUAA 2025, refer to Practice Note: Data (Use and Access) Act 2025—compliance implications. This Flowchart follows the approach outlined by the European Data Protection Board (EDPB) to assess whether you may carry out an international transfer of personal data relying on standard contractual clauses (SCCs) or binding corporate rules (BCRs). These transfer tools can be used only where the safeguards, enforceable rights and legal redress available to individuals in the destination country are essentially equivalent to those guaranteed by the General Data Protection Regulation (GDPR). The ‘essentially equivalent’ benchmark derives from the Facebook Ireland and Schrems ruling (Schrems II), determined under the EU GDPR. The Information Commissioner’s Office (ICO) has issued Guidance on transfer risk assessments, which adopts the phrase ‘sufficiently similar’ for transfers under the...

In this issue: Data protection Cybersecurity LexTalk® Information Law: a Lexis®Nexis community Daily and weekly news alerts New and updated content Data protection EDPB approves certification criteria for EU Data Protection Seal under EU GDPR The EDPB has endorsed the certification criteria for the EU Data Protection Seal, a scheme confirming adherence to the EU GDPR (Regulation (EU) 2016/679) within processing activities, including cross-border transfers to third countries. The seal underpins appropriate safeguards for such transfers, providing a harmonised assurance benchmark across the EU. It also sets out the functions of supervisory authorities, accreditation bodies and certification bodies to secure consistent application of GDPR rules. See: LNB News 03/12/2024 34. Guidance for consultation on data sharing with third-country authorities The EDPB has issued refreshed guidance clarifying the framework for transfers to authorities in third countries. It addresses cases where such disclosures proceed under appropriate safeguards in the EU GDPR, for example via standard contractual clauses or...

In this issue: Competition and state aid Corporate Data protection and cybersecurity Free movement, employment and immigration Financial services Insurance and reinsurance IP Life sciences Regulatory TMT International trade Daily and weekly news alerts New and updated content Trackers and horizon scanners Competition and state aid State aid—Commission reviews State aid rules for banks in difficulty The European Commission has launched a call for evidence to update the State aid regime for banks in difficulty. The current framework consists of six distinct communications, last revised in 2013. See News Analysis: EU Competition law—daily round-up (17/03/2026). State aid—Commission adopts new State aid rules to boost the use of more sustainable ways of transport The Commission has approved new State aid Land and Multimodal Transport Guidelines (LMT Guidelines) and a Transport Block Exemption Regulation (TBER), refreshing the EU State aid framework to encourage more sustainable passenger and freight transport,...

In this issue: UK, EU and international regulators and bodies Financial crime and sanctions Consumer protection Complaints, compensation and claims management Investigations, enforcement and discipline Regulation of capital markets Packaged Retail and Insurance-based Investment Products (PRIIPs) Dispute resolution for financial services lawyers Regulation of derivatives Sustainable finance and ESG Banks and mutuals Investment funds and asset management UK MiFID II EU MiFID II Consumer credit, mortgage and home finance Payment services and systems Fintech and cryptoassets Regulation of AI in FS LexTalk®Financial Services: a Lexis®Nexis community Financial Services Enforcement Database Daily and weekly news alerts Intraday news alerts Dates for your diary UK, EU and international regulators and bodies Treasury Select Committee publishes letter from FCA CEO following recent evidence session The House of Commons (HoC) Treasury Select Committee (TSC) has issued a letter dated 30 April 2025 from Nikhil...

Resource Note This Resource Note signposts key commentary, analysis and materials to aid interpretation and offer practical direction on using Chapter 2 of the Disclosure Guidance and Transparency Rules (DTR 2). Where relevant, it draws on: the Financial Conduct Authority (FCA) Handbook FCA Knowledge Base—Procedural and Technical notes (formal guidance binding on the FCA) FCA consultation and discussion papers, policy and feedback statements, and warnings Primary Market Bulletins and other FCA publications legacy UKLA technical and procedural notes and the UKLA’s newsletter List!, where still pertinent assimilated EU legislation EU Directives and EU Regulations, where helpful to construing a provision Lexis+® UK analysis and resources Setting the scene What it covers: DTR 2 prescribes the framework for issuers to disclose and manage inside information, supporting timely and even-handed release of market-sensitive information. It also identifies specific situations permitting a delay to public disclosure of inside information, together with the safeguards required to keep such information...

This Resource Note spotlights commentary, analysis and materials to aid interpretation and give practical guidance on applying Chapters 1, 1A, 1B and 1C of the Disclosure Guidance and Transparency Rules: DTR 1, DTR 1A, DTR 1B and DTR 1C respectively. Materials referenced here include, where pertinent: the Financial Conduct Authority (FCA) Handbook FCA Knowledge Base guidance—Procedural notes and Technical notes (constituting formal guidance and binding on the FCA) FCA consultation papers, discussion papers, policy statements, feedback statements and warnings Primary Market Bulletins and other FCA publications former UKLA technical and procedural notes and the UKLA newsletter List!, where still relevant to interpreting or applying a provision assimilated EU legislation EU Directives and EU Regulations, where relevant to interpreting a provision Lexis+ UK analysis and resources Setting the scene What it covers: DTR 1 sets out the Disclosure guidance, explaining its scope and purpose; DTR 1A sets out the transparency rules with their scope and purpose;...

This Resource Note summarises the principal provisions of Chapter 4 of the Disclosure Guidance and Transparency Rules (DTR 4), which addresses the periodic financial reporting duties for an issuer whose transferable securities are admitted to trading on a UK regulated market. It signposts pertinent commentary, analysis and materials to support the interpretation of, and deliver practical guidance on the application of, DTR 4. Materials considered in this Resource Note include, where applicable: the Financial Conduct Authority (FCA) Handbook FCA guidance in its Knowledge Base—Procedural notes and Technical notes (which amount to formal guidance and are binding on the FCA) FCA consultation papers, discussion papers, policy statements, feedback statements and warnings Primary Market Bulletins and other FCA publications former UKLA technical and procedural notes and the UKLA's newsletter List!, where still relevant to the interpretation or application of a provision assimilated EU legislation EU Directives and EU Regulations, where relevant to interpretation of a provision Lexis+® UK analysis and resources...

Part 1, interpretation and limitation of liability Unless the context requires otherwise, these articles use terms defined in the Companies Act 2006 (and any amending or subordinate legislation) and within these articles. Defined terms include: address; articles; bankruptcy (including similar overseas procedures); chair and chair of the meeting (articles 13 and 30); Companies Acts; director (including anyone acting as such); document (including electronic); electronic form/means and hard copy form; instrument; member; ordinary and special resolutions; eligible director; participate; proxy notice; relevant officer (non‑auditor officers of the company or any group undertaking, present or former); subsidiary; and writing (any visible representation, including electronic) The model articles are excluded. Unless otherwise stated, statutory expressions bear the meaning they had when these articles became binding. References to legislation include any modification, re‑enactment or replacement. Singular includes plural and vice versa; masculine includes feminine and neuter; persons include corporations Each member’s liability is limited to £1, payable on a winding up while a member or within one year of ceasing, towards:...

1 Definitions and interpretation In these Conditions, key terms include: Adequate Procedures (as per BA 2010); Affiliate (entities under common Control); Applicable Law (binding laws and guidance across relevant jurisdictions); Associated Person/Associated With (as defined for bribery, tax evasion and fraud by BA 2010, CFA 2017 and ECCTA 2023); Business Day (excluding weekends and bank/public holidays); Conditions (these sale terms); Confidential Information (commercial, technical or other identified confidential material); Contract (the agreement comprising these Conditions and the Order); Control (as specified); Customer and Supplier (the purchasing and supplying parties); Documentation; Force Majeure (events beyond reasonable control); Goods; Intellectual Property Rights and any IPR Claim; Location; MSA 2015; Order; Prevention Procedures; Price; Specification; VAT; and Warranty Period. Interpretation rules: references to the Contract include its schedules and annexes; headings are for convenience; references to a party include successors and permitted assigns; person includes natural and corporate bodies; company covers any body corporate; gender and number include each other; “including” and similar expressions are illustrative only; writing covers legible, non‑transitory...

Defined terms : In addition to the definitions set out below, this Precedent also uses the defined terms ‘Agreement’, ‘Business Day’, ‘Customer’, ‘party’ / ‘parties’, ‘Services’ and ‘Supplier’, which are general rather than specific to data processing and are assumed to be defined separately in the relevant agreement. Refer to the drafting notes for further guidance. The Schedule 1 Definitions and interpretation 1.1 In this Schedule: Adequacy Regulation means any valid adequacy regulation referenced in Article 45A of the GDPR; Attached Standard Contractual Clauses means the provisions set out in [ Annex [ insert ] to ] Appendix 7; Binding Corporate Rules means the binding corporate rules referred to in Appendix 6; Controller has the meaning given in Data Protection Laws; Data Protection Impact Assessment shall be interpreted in line with Data Protection Laws; Data Protection Laws means all applicable laws relating to the processing, privacy and/or use of Personal Data, as applicable to either party or the Services,...