Centralised scheme meaning

In this issue: Highlights and materials Regulation and licensing of electricity and gas markets Networks and grid connections Renewables Conventional generation, energy-from-waste, biomass, and CHP schemes Planning considerations for energy projects Energy litigation and disputes Air pollution, efficiency, and climate change Global energy Fresh and revised content Diary dates Trackers Energy resources on Lexis+® Daily and weekly news briefings Key developments and materials Industry and Regulators Committee launches inquiry into regulators and economic growth The House of Lords Industry and Regulators Committee has opened an inquiry into how UK regulators interact with economic growth, reflecting the government’s aim for bodies such as Ofgem, Ofwat and Ofcom to bolster investment, encourage innovation and raise productivity across the economy. This examination follows the 2024 decision to extend the statutory ‘Growth Duty’ in the Deregulation Act 2015 to these principal economic regulators. It will assess how Ofgem and its counterparts interpret and...

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 Sustainable Finance and ESG Banks and Mutuals Investment Funds and Asset Management UK MiFID II Regulation of Insurance FSMA Regulated Pensions Activity Payment Services and Systems Fintech and Cryptoassets Regulation of AI in FS Dates for your diary LexTalk® Financial Services: a Lexis®Nexis community UK, EU and International Regulators and Bodies FCA’s regulatory plans point to cautious optimism The Financial Conduct Authority’s 2025–2030 strategy, published on 25 March 2025, sets out four core priorities: combating financial crime supporting consumers encouraging growth becoming a smarter regulator Firms that look more closely will notice some less expected but reassuring signals: a commitment to a more adaptable supervisory approach for the largest firms,...

In this issue: UK, EU and international regulators and bodies Authorisation, approval and supervision Prudential requirements Financial crime and sanctions Complaints, compensation and claims management Operational resilience Investigations, enforcement and discipline Regulation of capital markets Packaged Retail and Insurance-based Investment Products (PRIIPs) Sustainable finance and ESG Banks and mutuals Investment funds and asset management Regulation of insurance Payment services and systems Fintech and cryptoassets Regulation of AI in FS Financial Services Enforcement Database Daily and weekly news alerts Intraday news alerts New and updated content Dates for your diary UK, EU and international regulators and bodies Financial Services Regulatory Initiatives Forum provides interim update to regulatory initiatives grid The Financial Services Regulatory Initiatives Forum, comprising the Bank of England (BoE), the Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR), has issued an interim Q4/2024 update to its Regulatory Initiatives Grid...

This Practice Note examines the legal and regulatory regime applicable to district heating networks in England and Wales. The topics covered are: a high-level introduction to what district heating networks are the statutory foundations supporting the DHN regulatory framework the DHN regulatory scheme established by Part 8 of the Energy Act 2023 (EnA 2023), together with secondary legislation and the Office of Gas and Electricity Markets’ (Ofgem’s) DHN authorisation conditions how heat network zones are defined and used within DHN regulation the principal UK government subsidy programmes that facilitate DHN deployment This Practice Note does not examine regulation of the centralised generation system providing hot water to a DHN scheme, which depends on the generation technology (for example, the electricity licensing regime where the source is a combined heat and power plant) (see Practice Note: Great Britain electricity generation, distribution and supply licensing and exemptions regime). It also omits wider legislative frameworks—such as health and safety, planning, building regulations...

Scope of this Practice Note A central bank digital currency (CBDC) relies on an electronic record or digital token to signify the virtual version of a country’s (or region’s) fiat money. It is centralised because the competent monetary authority issues and regulates it. A CBDC would extend electronic money, created by a national central bank, to all households and businesses, enabling everyone to make electronic payments in central bank money. This Practice Note concentrates on the work undertaken by EU authorities towards establishing a digital euro. The ECB’s role in proposals for a digital euro ECB report and consultation on digital euro On 2 October 2020, the European Central Bank (ECB) issued a report exploring, from the Eurosystem’s perspective, the potential issuance of a CBDC—the digital euro. The ECB noted that a digital euro could advance the Eurosystem’s objectives by giving citizens access to a safe form of money in a swiftly evolving digital environment, while highlighting several key legal questions, including the legal basis for...

This Practice Note outlines the law on marketing authorisations (MAs) for medicinal products intended for the UK market following the close of the Brexit transition period (11 pm (GMT) on 31 December 2020, termed in UK law ‘IP completion day’). It covers: exemptions from the need to hold an MA (eg ‘specials’, investigational medicinal products (IMPs), and the Early Access to Medicines Scheme (EAMS)) the various categories of MA the licensing pathways to secure an MA in the UK, Great Britain (GB), or Northern Ireland (NI) (eg Northern Ireland Medicines and Healthcare products Regulatory Agency (MHRA) Authorised Route (NIMAR), Innovative Licensing and Access Pathway (ILAP), unfettered access, the 150‑day accelerated national procedure, rolling review, the reliance routes on EU authorisations now integrated into the International Recognition Procedure (IRP), Project Orbis and Access Consortium) information on applying the Ireland/Northern Ireland Protocol as amended under the Windsor Framework the offences and penalties arising from breaches of these provisions Governing law The...