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In this issue Prudential requirements Financial crime and sanctions Consumer protection Investigations, enforcement and discipline Ex-Barclays executive loses appeal over FCA ban on senior job Regulation of capital markets Banks and mutuals Investment funds and asset management Regulation of insurance Financial Services Enforcement Database Daily and weekly news alerts Intraday news alerts New and updated content Dates for your diary Prudential requirements EBA updates systemic importance indicators for G-SIIs. The European Banking Authority (EBA) has refreshed the set of 13 systemic importance indicators, together with the underlying data, for the EU’s 33 largest institutions whose leverage ratio exposure measure exceeds EUR 200 bn. The release also provides revised figures and data items reflecting recognition of the Banking Union and of institutions within the Single Resolution Mechanism. This dataset is updated on an annual cycle. See: LNB News 27/08/2024 20. Financial crime and sanctions IEA publishes discussion paper on...
In this issue Leasing property Statutory compliance Residential property Property development Transferring property Easements, rights and covenants Property in Wales Property taxes Additional property updates this week Daily and weekly news alerts Trackers New Q&As Leasing property Landlord’s reliance on ground (g) to resist a new business tenancy did not infringe the ECHR In MVL Properties (2017) Ltd v The Leadmill Ltd [2025] EWHC 349 (Ch), the High Court held that a landlord’s opposition to granting a renewed lease under ground (g) of section 30(1) of the Landlord and Tenant Act 1954 did not violate the European Convention on Human Rights. The court firmly dismissed the tenant’s case that the landlord’s plan to run ‘essentially the same business’ would amount to taking the tenant’s goodwill, which had become associated with the premises, contrary to the tenant’s possessions right protected by Article 1 of Protocol 1, as a breach of the human...
The rollout of the JCT 2024 suite has progressed with the issue of 2024 editions of the JCT Major Project, Constructing Excellence, and Prime Cost Building contracts (together with their related guides and sub-contracts) on 16 October 2024. For analysis of the revisions to the Major Project form, see News Analysis: The JCT Major Project Construction Contract 2024—what’s changed? In this piece, we set out the principal updates to the Prime Cost Building Contract 2024 (PCC 2024), measured against its 2016 predecessor and other documents in the JCT 2024 suite. Reference copies of PCC 2024 and the Prime Cost Building Contract Guide 2024 (PCC/G 2024) will shortly be accessible on Lexis+® Construction, within our sub-topic ‘JCT contracts 2024’ (housed under the main topic, ‘Standard form construction contracts’), and also via Practice Note: JCT contracts 2024—reference copies. For information on the remaining contracts issued as part of the JCT 2024 suite, including the key amendments since 2016, see Practice Note: JCT contracts 2024—what's changed? For commentary on how...
This Resource Note summarises the key provisions in Chapter 5 of the Disclosure Guidance and Transparency Rules (DTR 5). It addresses the reporting duties of holders and issuers of interests in voting rights in an issuer whose shares are admitted to trading on a regulated or prescribed market in the United Kingdom. It signposts relevant commentary, analysis and resources to aid interpretation and provide practical guidance on applying DTR 5. Setting the scene Where relevant, the materials referenced include: the Financial Conduct Authority (FCA) Handbook FCA Guidance in the FCA Knowledge Base—Procedural notes and Technical notes (which constitute formal guidance and bind the FCA) FCA consultation papers, discussion papers, policy statements, feedback statements and warnings Primary Market Bulletins and other FCA publications former UKLA technical and procedural notes and the UKLA’s newsletter List!, where still relevant to interpreting or applying a provision assimilated EU legislation EU Directives and EU Regulations, where still pertinent to construing a provision materials...
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Schedule of amendments A compiled list of changes to a standard form contract in which the parties record their agreed departures from the issued terms. Accordingly, it should be read alongside the underlying standard form. The parties should ensure any negotiated and agreed schedule of amendments is duly incorporated into the contract. Within NEC3/NEC4 suites, such alterations to the standard form are known as Z clauses. Refer to Practice Notes: Construction contract documents and Selection of standard form construction contracts, and to our relevant Precedent schedules under the Precedents tab in subtopics: JCT contracts 2024—overview, JCT contracts 2016, JCT contracts 2011, NEC contracts and Other standard form construction contracts. Schedule of rates/prices A schedule used in tendering when precise quantities are not established, or within a lump sum arrangement for pricing variations (often termed a Bill of Quantities). The tenderer...
This Practice Note examines how the UK public sector engages with free and open source software, including: Overview of public sector use of open source Timeline of policies and initiatives Adoption in the public sector EU approach Free and open source software describes software released under a licence that allows the recipient to use, modify, and share it—either in its original form or as an altered version—without payment of fees or royalties, with access to the source code provided. While free software and open source software are not identical, this note uses the term open source for simplicity. For general guidance and templates, see: Practice Note: Free and open source software Practice Note: Free and open source software—strategy and policy Practice Note: Free and open source software—audits Practice Note: GNU General Public License (GPL) 2.0—commentary Precedent: Free and open source software clauses Precedent: Free and open source software—policy ...