Bond of caution meaning

In this issue: UK, EU and international regulators and bodies Authorisation, approval and supervision Prudential requirements Financial crime and sanctions Regulation of capital markets Regulation of derivatives Banks and mutuals UK MiFID II Payment services and systems Fintech and cryptoassets Regulation of AI in FS Daily and weekly news alerts Dates for your diary New and updated content Financial Services Enforcement Database LexTalk®Financial Services: a Lexis®Nexis community UK, EU and international regulators and bodies Report urges financial services reform to advance UK growth TheCityUK and PwC UK have released a report urging ‘greater ambition and swifter, more decisive action’ to safeguard the competitiveness of the UK’s financial and allied professional services over the coming decade and to catalyse investment and growth. The study, No time to lose: Reasserting UK leadership in financial and related professional services, captures perspectives from more than 300 senior leaders across industry, government,...

In this issue: Data protection and cybersecurity Free movement, immigration and employment Financial services Energy Environment Insurance and reinsurance IP Life sciences Regulatory TMT International trade Daily and weekly news alerts New and updated content Trackers Data protection and cybersecurity Main challenges of EU AI Act-GDPR interplay identified by Member States MLex: EU countries flag potentially clashing legal duties, national governance models to secure regulatory coherence, and a call for clear legal guidance to reduce compliance burdens as the key concerns in aligning the EU AI Act with Regulation (EU) 2016/679 (the EU’s General Data Protection Regulation (EU GDPR)). European governments caution that the regimes’ differing supervisory approaches could produce inconsistent outcomes, which should be prevented through structured co-operation among the competent authorities. See News Analysis: Main challenges of EU AI Act-GDPR interplay identified by Member States. Free movement, immigration and employment European Parliament's Civil Liberties Committee...

A glossary of frequently used terms and phrases in Scottish Private Client law, with the closest England and Wales equivalents (where applicable) and links to helpful websites Ab intestato Meaning From someone who dies without a will; describes property taken under the laws of intestate succession. Nearest English equivalent None Action of specific implement Meaning A court action seeking an order compelling a party to carry out a particular act. In Scotland there is no division between equitable and legal remedies, unlike England and Wales. Nearest English equivalent Specific performance (an equitable remedy for breach of contract that can be ordered alongside, or in place of, damages) Advance notice Meaning An entry in the relevant property register that protects the grantee of a deed intended for registration in the Land Register of Scotland. The protected period of 35 days begins on the day after registration....

This is a glossary of common words and expressions used in Scottish insolvency law with the nearest England and Wales insolvency law equivalent (where relevant) Absolute insolvency Meaning: When a person’s liabilities are greater than the overall worth of their assets. Nearest English equivalent: Balance sheet insolvency. Accountant in Bankruptcy (AiB) Meaning: A Scottish Government agency overseeing the regulation of personal bankruptcy (sequestration and Protected Trust Deeds) in Scotland, and able to serve as trustee in sequestrations where no insolvency practitioner is appointed. It also maintains records of corporate insolvencies in Scotland (receivership and liquidations only) but does not perform the role of Official Receiver. See Practice Note: Scotland: the Accountant in Bankruptcy. Nearest English equivalent: N/A. Accountant of Court Meaning: A court-appointed officer within Scottish Courts and Tribunals who administers funds consigned to the Accountant of Court pursuant to a Court of Session interlocutor or during liquidation proceedings. They oversee Judicial Factors or Administrators appointed by the Court to manage estates...