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Background and consultation On 26 March 2025, the government opened a consultation to shape a new service intended to give major investment projects in the UK greater certainty over their tax outcomes. It was viewed as a pragmatic, pro-business initiative, aligned with the wider objective of nurturing long-term economic growth and promoting the UK as a prime location for large-scale capital deployment. At Budget 2025, the authorities released a summary of responses, together with draft legislation and accompanying guidance. Those draft measures appeared in the Finance Bill (Finance Bill 2026, clauses 263-271 (as introduced)), and draft technical guidance was subsequently issued on 10 December 2025. The tone of the official response is positive, reflecting that a number of material points raised during engagement have been accepted. The government will also keep specific elements of the service under review for a 12-month period, underscoring a collaborative approach. For the moment, there is no charge for accessing the service, and decisions will not be placed in the public domain. Both...
Part 2 of the Children and Social Work Act 2017 (CASWA 2017) created Social Work England (SWE) as the regulator for social workers in England, replacing the Health and Care Professions Council (HCPC). The regulation of social workers was formally transferred to SWE from the Health and Social Care Professions Council in December 2019. SWE operates under the auspices and oversight of the Professional Standards Authority. As a result, the Professional Standards Agency is, in specified circumstances, able to refer a case to the High Court. See Practice Note: Professional Standards Authority. SWE was established to deliver a new and different approach to regulation. Accordingly, some variation can reasonably be expected between the approach of more established regulators and that of SWE. SWE aims to set the tone as a collaborative regulator, emphasising that it shares and reflects the values of those it regulates. On a practical level, for the fitness to practise process this translates into there being multiple opportunities for Registrants to engage at an early stage, together...
Practice Note This Practice Note sets out the principal issues in research services contracts from the standpoints of both the provider and the commissioning party. It assesses matters concerning the project scope and key staff, who secures regulatory permissions or approvals, any required third-party licences, available resources, the agreed reporting arrangements and process, fees, confidentiality, background and foreground intellectual property rights (IPRs), handling of research outputs, trade marks, warranties, indemnities, limitations on liability and termination. These agreements are needed where a business is outsourcing research to a third party with specialist knowledge and skills. In practice, the research services provider might be a university or other academic institution, or a contract research organisation whose sole activity is delivering research services. For example, such arrangements are particularly prevalent in the pharmaceutical and biotechnology sectors, though they may equally be adopted in other areas. They are distinct from collaborative and joint research projects because, once the agreement ends, the research services provider typically has no continuing role in the project...
Scope of this Practice Note The Financial Advice Market Review (FAMR) commenced in August 2015, co-led by HM Treasury (HMT) and the FCA. It examined how government, industry and regulators could pursue separate and collaborative actions in order to foster a marketplace delivering cost-effective and accessible financial advice and guidance for all consumers. This Practice Note centres on those measures recommended by FAMR that influenced UK regulation of financial advice, including the breadth of the advice gap and the reasons it exists for individuals without substantial assets, the rules-based hurdles facing advisory firms, and the issues posed by novel and evolving technologies. Consequently, it does not set out every recommendation contained in the FAMR final report. FAMR was subsequent to the Retail Distribution Review (RDR), which brought in revised rules effective from 31 December 2012, designed to raise professional standards in the intermediary segment of the retail investment market, eliminate the scope for commission-driven bias, and improve customers’ comprehension of the services provided to them. For more...
Executive summary This report examines why 25% of incoming calls originate from the procurement team, either posing questions or passing on updates and information to the team. Conducted across August and September 2024, the study incorporates statistical data gathered and assembled from a range of various sources. A cross-party cohort of lawyers and support staff, headed up by Fred Smith, undertook the work. Its objective was to locate present bottlenecks within the process, determine their root causes, and outline how they might be resolved. The aim was to identify current bottlenecks, their causes, and remedies. The principal recommendations are: enhance communication throughout the contract drafting process define what constitutes a conflict of interest and explain why it matters publish an online infographic of the contract drafting process as a clear and consistent point of reference tighten compliance protocols for how information is stored on collaborative systems Comprehensive details of these recommendations are set out below. If the proposals are accepted,...
Nature of the clause This Precedent is a short-form clause designed for business-to-business (B2B) commercial contracts made between businesses, providing for mandatory mediation in the event a dispute arises out of the agreement. The clause requires the parties to seek to settle disputes arising between them under this clause. Unlike litigation or arbitration clauses, its purpose is for the parties to attempt to resolve the matter with the assistance of a mediator, without the need for formal contentious proceedings. What is mediation and why have a mediation clause? Mediation is a form of alternative dispute resolution (ADR) in which an independent third-party mediator follows a structured process to facilitate an agreed settlement between parties to a dispute. It is, by its nature, a non-binding dispute resolution process; that is, any agreement reached in mediation only becomes binding on the parties if they enter into a settlement agreement. Mediation affords the parties a high degree of control compared with litigation and offers a collaborative process for dispute resolution....