Events data meaning

Checklist This checklist sets out principal matters to address when launching an internal inquiry into suspected criminal conduct. For fuller guidance, see Practice Note: How to plan and conduct an internal investigation. What is the purpose of the investigation? Prioritise fact-finding over determining liability. What is the scope of the investigation? Create clear terms of reference. Decide who should undertake the investigation and assign roles within the investigation. If Board members will be involved, verify whether a board resolution is required to authorise this. Take legal advice on likely Legal Professional Privilege (LPP) issues. Ensure the Board, or a duly constituted sub-committee, oversees the investigation and is identified as ‘the client’ in any engagement letter and/or correspondence with internal and/or external lawyers; keep written records of these decisions. If deploying internal audit, consider whether it was involved in the predicate events...

Checklist and timeline This concise checklist and timeline is prepared on the footing that proceedings are brought under sections 238 and/or 239 of the Insolvency Act 1986 (IA 1986) by an administrator or liquidator, and not by any assignee of the claim. Step/action: Review the events leading to the company’s insolvency and the factors underpinning the claim(s) against the respondent(s) (typically the recipients of the relevant payments/transactions). This involves securing the company’s books and records, accounting data/statements and bank statements, and interviewing directors, former directors, and any person with knowledge of the promotion, formation, business dealings, affairs or property of the company. Note that if the office-holder signals a claim against the respondent(s), they risk losing investigative powers under IA 1986, ss 235–236 in relation to that claim. Time (days): No limit (subject to limitation). Section/rule: IA 1986, ss 234–236, 238, 239; Cloverbay Ltd (joint administrators) v Bank of Credit and Commerce International SA [1991] Ch 90, [1991] 1 All ER 894. ...

In this issue: New technologies Information technology Internet Data protection Media Advertising marketing and sponsorship LexTalk®TMT: a Lexis®Nexis community Daily and weekly news alerts New and updated content Dates for your diary Trackers Useful information New technologies European Commission pushes on with AI models Code of Practice despite possible law delay MLex: The European Commission is moving forward to complete a Code of Practice for general-purpose AI (GPAI) model developers, envisioned as a central compliance tool for companies such as OpenAI, Anthropic and Microsoft, and set for use from August 2025, even as formal discussions about pausing the underpinning EU AI Act continue. The Code, the GPAI guidelines, a template for disclosing training datasets, and related guidance are due by the first week of July 2025. Major AI firms are being brought into the process to secure their backing for the Code, yet key copyright elements remain unclear to them. See:...

In this issue: Prudential requirements Financial crime and sanctions Complaints, compensation and claims management Investigations, enforcement and discipline Regulation of capital markets Sustainable finance and ESG Banks and mutuals Investment funds and asset management UK MiFID II Consumer credit, mortgage and home finance Regulation of insurance FSMA regulated pensions activity Payment services and systems Financial Services Enforcement Database Daily and weekly news alerts Intraday news alerts New and updated content Dates for your diary Prudential requirements COREPER asked to endorse agreement on CCP concentration risk treatment After the European Parliament adopted, in April 2024, a proposal for a directive of the Parliament and the Council to amend Directive 2009/65/EC (UCITS), Directive 2013/36/EU (CRD IV) and the Investment Firms Directive (EU) 2019/2034 (IFD), the Council of the EU’s General Secretariat released an ‘I/A’ Item Note inviting the Council’s Permanent Representatives Committee (COREPER) to confirm its agreement...

What is the background to this Bill? The existing NIS Regulations extend across five sectors: transport, energy, drinking water, health and digital infrastructure, and certain digital services, including online marketplaces, online search engines and cloud computing. Oversight sits with twelve regulators (competent authorities) tasked with putting the rules into practice and issuing guidance. The CSRB builds on a series of reviews into how well the NIS framework works, the latest of which took place in 2022. Those consultations found the regime had delivered benefit, but that legislation must evolve quickly to keep pace with a shifting cyber security environment and be widened to bring further categories of providers within scope. At the same time, a string of incidents has hit the NHS, high street names, local authorities and government suppliers, vehicle manufacturers and others, underlining the need to lift cyber security across the UK. Such events impose heavy financial and reputational costs on affected organisations, their users and the wider UK economy, exposing weaknesses spanning public and private spheres...

What is a hackathon? A hackathon is usually a 12–48-hour sprint where multidisciplinary teams—coders, developers, strategists, data scientists, subject-matter specialists and innovators—work intensively to tackle a defined problem in a short window. The aim is to generate fresh concepts, tools or platforms, often ending with a functional prototype or a concept pitch. They trace their lineage to tech culture: the first officially recognised hackathon took place in 1999 in Calgary, though collaborative meet-ups go back to the 1970s with groups such as the Homebrew Computer Group, where the first Apple computer was unveiled. Today, hackathons cut across many sectors and goals, and are not exclusively technology-focused. The author once ran an inspiring game jam—a game development focussed hackathon—designed to speed up cancer cures by turning cancer data analysis into gameplay, delivering scientifically robust outputs thanks to watertight algorithms. Whatever the topic, the core principles and structure are largely consistent. In law, they are increasingly used to drive innovation, widen access to justice, and connect with legal...

Criteria for eligibility for the Financial Assistance Scheme The Financial Assistance Scheme (FAS) closed to notification and qualification of new pension schemes on 1 September 2016. Members already receiving, or holding a deferred right to receive, assistance payments from the FAS are not affected by this closure. For FAS payments to be made, separate yet connected conditions must be met for: the scheme its sponsoring employer(s) the individual members As a rule, underfunded defined benefit schemes that began winding up on or after 6 April 2005 should turn to the Pension Protection Fund (PPF) to secure members’ promised benefits, rather than the FAS. However, the FAS can be relevant where a scheme entered winding up on or after 6 April 2005 but its sponsoring employer had become insolvent before that date. The eligibility requirements and the route into the FAS are prescribed in the Financial Assistance Scheme Regulations 2005, SI 2005/1986 (the FAS Regs). Eligibility criteria for schemes A...

ARCHIVED: This archived Practice Note summarised major updates and guidance concerning Brexit and the TMT industry. It is no longer updated and is supplied for context alone. It is arranged under the following headings: New technologies Information technology Internet Data protection Media Advertising, marketing and sponsorship Telecommunications This note does not monitor broader Brexit events; for those, consult Practice Note: Brexit timeline. To follow the advancement of UK statutes introduced as part of preparations for the UK’s departure from the EU, see Practice Note: Brexit legislation tracker. On 31 January 2020 (exit day), the UK stopped being an EU Member State and forfeited its right to take part in the EU’s political bodies and governance frameworks. Under the transitional measures in Part 4 of the Withdrawal Agreement, exit day began an 11-month implementation phase during which, for many purposes, the EU treated the UK as though it remained a Member State. The implementation phase continued until 11...

1 Introduction 1.1 This direct marketing policy is for members of staff engaged in direct marketing activities. It offers high-level guidance on data protection law relevant to direct marketing and sets out the internal procedures we have put in place to ensure we comply with the law. 1.2 Direct marketing is significant. It is a core part of our business operations and can help our business to grow. It can also enhance the customer experience by making people aware of new products and services they may value, and by giving them opportunities to participate in events or take up offers. 1.3 That said, direct marketing can create nuisance for people and, in some instances, may even lead to distress. 1.4 We conduct our business with integrity and in an ethical way. We are committed to ensuring our direct marketing complies with the data protection regime and is undertaken responsibly. As well as supporting business growth, practising ethical direct marketing will strengthen trust and confidence in our...

This Agreement is entered into on [ date ] Parties [ Insert the company name ], a company incorporated in [ England and Wales ] under company number [ insert registered number ], whose registered office is at [ insert address ] (the Sponsor); and [ Insert the company name ], a company incorporated in [ England and Wales ] under company number [ insert registered number ], whose registered office is at [ insert address ] (the CRO) Each of the Sponsor and the CRO is a party and, collectively, the Sponsor and the CRO are the parties. Background The Sponsor is supporting a series of clinical trials to obtain marketing authorisation for the IMP and intends to retain the CRO to carry out certain services. The CRO possesses the requisite knowledge and experience in the design, oversight and conduct of clinical trials and agrees to provide such services to the Sponsor in accordance with the...

Legal due diligence commercial contract review template—private M&A—share purchase Project [ insert project name ] commercial contract review File title: Data room index: Assessed by: Assessment date: Post‑review actions / notes: Overview of contents: Counterparties Date of agreement Summary of document and principal terms Term / duration Price / consideration and payment Transfer / novation / delegation / sub‑contracting Events of termination / default Change of control Continuing warranties and representations Continuing indemnities Guarantees / pledges / letters of credit, etc. Liability caps and exclusions Confidentiality Restrictive covenants Third‑party rights Governing law and jurisdiction Properly executed? Count and type of schedules and appendices Variations / amendments (note any oral or undocumented, if known) Any unusual or burdensome terms Any omissions Any material amendments to be implemented ...