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Chapter IV meaning

What does Chapter IV mean?
Chapter IV describes, in UK pensions and tax practice, the former statutory regime in the Income and Corporation Taxes Act 1988 under which personal pension schemes required Inland Revenue (now HMRC) approval. Specifically, Chapter IV (of Part XIV ICTA 1988) set the conditions a personal pension plan had to meet to qualify for tax approval and related reliefs. The term is statutory and is commonly encountered in legacy scheme rules, insurance policy documents and advice dealing with the historic tax status of personal pensions and pre‑6 April 2006 entitlements. From A‑Day (6 April 2006), the Chapter IV approval requirement ceased to apply and was replaced by the registered pension scheme regime under the Finance Act 2004. Formerly approved Chapter IV personal pension schemes were generally treated as registered on A‑Day. References to “Chapter IV approval” remain relevant when construing historic documentation, analysing past tax treatment, transfers and guaranteed benefits, and applying transitional or savings provisions. Usage is consistent across England & Wales, Scotland and Northern Ireland. The expression is not used in Ireland (Republic of Ireland), which has a separate pensions tax approval framework under Irish legislation.
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NEWS
UK competition law update: CMA Chapter II probe into Vifor IV iron claims; expired merger remedies released; upcoming dates

Antitrust CMA launches Chapter II investigation into Vifor Pharma regarding the supply of intravenous iron deficiency treatments to the NHS The Commission stated it has opened a Chapter II investigation, under the Competition Act 1998, into Vifor Pharma (Vifor), following concerns of a suspected breach of competition law linked to the supply of intravenous (IV) iron deficiency treatments provided to National Health Service (NHS) patients across the UK...

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NEWS
UK and EU competition weekly: CMA probes Vifor; labour market report; CJEU on lawyers’ fees; salmon SO; Amazon-iRobot abandoned; Nidec commitments ruling; pharma enforcement; State aid risk finance guidance

In this issue: UK antitrust UK competition policy EU antitrust EU mergers EU competition policy EU state aid LexTalk®Competition: a Lexis®Nexis community Daily and weekly news alerts Caselex New and updated content UK antitrust CMA launches Chapter II investigation into Vifor Pharma regarding the supply of intravenous iron deficiency treatments to the NHS The CMA has begun a Chapter II inquiry under the Competition Act 1998 into Vifor Pharma (Vifor) for suspected competition law breaches relating to the supply of intravenous (IV) iron deficiency therapies for NHS patients in the UK. Vifor, a global pharmaceutical company headquartered in Australia, markets Ferinject (ferric caboxymaltose). Pharmacosmos, a family-owned specialist focused on iron deficiency, produces Monofer (ferric derisomaltose). The investigation will consider whether Vifor, whose Ferinject is a leading IV iron treatment in the UK, stifled competition by making misleading claims to healthcare professionals about the safety and effectiveness of Monofer, a rival high-dose IV iron...

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NEWS
EU law: weekly cross‑sector regulatory and enforcement updates (AI Act/GDPR, MiCA, DMA, TMT, financial services, payments, energy, environment, insurance, IP, life sciences, employment, trade) — 1 May 2025

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...

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PRACTICE NOTES
EU GDPR in the UK (2018–2020): archived article-by-article navigator mapping to DPA 2018, ICO and EDPB guidance

ARCHIVED: This retired Practice Note outlines details about the EU General Data Protection Regulation, Regulation (EU) 2016/679 (the GDPR), as it operated in the UK before 11 pm on 31 December 2020. From that point, it is retained strictly for background purposes only and is no longer updated or maintained. For advice on the amendments to UK data protection law introduced by the replacement UK GDPR from that date, consult Practice Notes: The UK General Data Protection Regulation (UK GDPR), The UK General Data Protection Regulation (UK GDPR)—Navigator and Brexit—implications for data protection [Archived]. Brexit On 31 January 2020, the UK left the EU and entered an implementation period up to 11 pm on 31 December 2020, during which it remained bound by EU law for the entire duration of that period. Throughout that time, the EU General Data Protection Regulation, Regulation (EU) 2016/679 (the GDPR), continued to apply in the UK, and the UK was broadly regarded as an EU (and EEA) state for EEA and UK...

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PRACTICE NOTES
EU MiFID II Article-by-Article Roadmap: Level 2 and Level 3 Measures and ESMA Guidance, reflecting 2024 MiFID II/MiFIR reforms

Introduction to the MiFID II level 2 and level 3 roadmap The recast Markets in Financial Instruments Directive (Directive 2014/65/EU (MiFID II)) and the Markets in Financial Instruments Regulation (Regulation 600/2014 (MiFIR)) were published in the Official Journal of the EU on 12 June 2014 and entered into force on 2 July 2014. MiFID II and MiFIR significantly reshaped and broadened the regulatory framework that had been established by the Markets in Financial Instruments Directive 2004/39/EC (MiFID I). As amended, the majority of the Directive and the Regulation began to apply on 3 January 2018, and EU Member States had until 3 July 2017 to transpose MiFID II into domestic law. Following the MiFID II/MiFIR review, the Official Journal of the EU on 8 March 2024 set out Regulation (EU) 2024/791 amending MiFIR and Directive (EU) 2024/790 amending MiFID II. Regulation (EU) 2024/791 entered into force on 28 March 2024. Member States are required to transpose the provisions of Directive (EU) 2024/790 into national law by 29 September 2025...

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PRACTICE NOTES
EU MiFIR Level 1 Article-by-Article Roadmap: Transparency, Reporting, DRSP Authorisation, ESMA Powers and Third-Country Equivalence Regime (Archived)

This document is archived and will no longer be updated. For information on EU EMIR, please see Practice Note: EU MiFID II and MiFIR—essentials and the EU Markets in Financial Instruments Directive (MiFID II) and Markets in Financial Instruments Regulation (MiFIR)—timeline. Introduction to the MiFIR level 1 roadmap The recast Markets in Financial Instruments Directive (Directive 2014/65/EU) (MiFID II), together with the Markets in Financial Instruments Regulation (Regulation (EU) 600/2014) (MiFIR), was published in the Official Journal of the European Union on 12 June 2014 and came into force on 2 July 2014. Taken as a package, MiFID II and MiFIR substantially revised and enlarged the regulatory framework first created by the Markets in Financial Instruments Directive (Directive 2004/39/EC) (MiFID I). As amended, the bulk of the new Directive and Regulation applied from 3 January 2018. EU Member States were given until 3 July 2017 to transpose MiFID II into national legislation, while MiFIR has direct effect across Member States...

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