FP meaning

In this issue: Equity capital markets Economic Crime and Corporate Transparency Directors and company secretaries Daily and weekly news alerts New and updated content Dates for your diary Trackers Useful information Equity capital markets AFME publishes updated equity selling restriction wording for EEA and UK offerings The Association for Financial Markets in Europe (AFME) has issued an updated set of equity selling restrictions to align with the UK’s new prospectus framework under the Public Offers and Admissions to Trading Regulations 2024 (POATRs) and the FCA Prospectus Rules: Admission to Trading on a Regulated Market (PRM), which took effect on 19 January 2026. See: LNB News 27/01/2026 14. Economic Crime and Corporate Transparency Economic Crime and Corporate Transparency Act 2023 (Commencement No 7) Regulations 2026 SI 2026/57: These Regulations bring into operation provisions of ECCTA 2023 that remove the option for companies to retain member information on the central register, with a transitional measure...

In this issue: Practice and procedure Private children Costs International children Daily and weekly news alerts Updated content Useful information Practice and procedure Family Justice Council 11th open meeting The Family Justice Council is set to host its eleventh open meeting on 7 July 2025, running from 11am to 1.30pm. The event will take place online via MS Teams. Observers are welcome to watch the proceedings, which will end with a question-and-answer segment. Questions for the Council must be submitted ahead of time. Registration is available here. Registration of Marriages and Civil Partnerships (Registration Provisions) (Amendment) Regulations 2025 The Registration of Marriages and Civil Partnerships (Registration Provisions) (Amendment) Regulations 2025, SI 2025/569, amend the Registration of Marriages Regulations 2015 (SI 2015/207) and the Civil Partnership (Registration Provisions) Regulations 2005 (SI 2005/3176), following changes made by the Victims and Prisoners Act 2024 to the Marriage Act 1949 and the Civil Partnership Act 2004. These Regulations...

Haigh v Revenue and Customs Commissioners [2024] UKFTT 810 (TC) What are the practical implications of this case? Understanding the FTT’s conclusions in Haigh will assist practitioners facing FP 2012 notification refusal appeals. The ruling confirms that, when a taxpayer contests HMRC’s refusal of a notice, the FTT’s role is limited to testing compliance with regulation 4. The tribunal considered itself bound by The Executors of David Harrison (Deceased) & Simon Harrison v HMRC [2021] UKUT 0273 (TCC) (Harrison), which states the FTT has no jurisdiction to review HMRC’s discretion. Drawing on Harrison’s construction of the FP 2012 Regulations, SI 2011/1752, reg 7, it defined the limits of its jurisdiction. Harrison accepts this narrow view yields an unwelcome consequence for taxpayers, and Haigh repeats that passage in full at paragraph 71. As a result, the FTT is confined to applying the tax provisions themselves, not second-guessing discretionary choices. Practitioners should note that, per Haigh, there is only one route to appeal an HMRC refusal of FP...

THIS PRACTICE NOTE RELATES TO REGISTERED PENSION SCHEMES By means of Schedule 4 to the Finance Act 2016 (FA 2016), the government brought in an allowance protection regime designed to sit alongside the cut in the lifetime allowance from £1.25m to £1m on 6 April 2016. Termed fixed protection 2016 (FP 2016), it mirrors earlier fixed protection regimes respectively launched on 6 April 2012 (fixed protection 2012, or simply ‘fixed protection’) and 6 April 2014 (fixed protection 2014). This Practice Note focuses on FP 2016, which is the subject of this Practice Note. The original purpose of FP 2016 was to give transitional protection to people who, before 6 April 2014, had already accumulated pension savings above £1m, or who expected to do so on the basis that the lifetime allowance would be maintained at no less than £1.25m. Although the lifetime allowance was removed with effect from 6 April 2024, FP 2016 still delivers limited transitional safeguards regarding an individual’s rights to (i) the lump sum allowance, (ii)...

ARCHIVED: This tracker is archived and no longer updated. For an overview of Court of Protection cases from 2025 onwards, see: Court of Protection—table of cases. P, Re (Property & Affairs Deputyship: Jurisdiction) [2024] EWCOP 77 (T2) Court of Protection determines it has jurisdiction to consider whether P’s mother should continue as property and affairs deputy The proceedings related to P, an adult who sustained a brain injury in an accident and had a substantial personal injury claim. His mother had been appointed by the Court of Protection as his property and affairs deputy, and the present decision addressed an application seeking to revoke that appointment. The litigation had been protracted. Earlier, the court permitted ‘closed material’ to be withheld from P’s parents to facilitate capacity assessments; for a summary of that ruling, see here. Despite that step, neither the Official Solicitor nor the court gained clarity about P’s condition or even his location. It was reported that P was now residing in Italy. HHJ Burrows concluded that...

The Financial Services and Markets Act 2000 (FSMA 2000) is the primary statute overseeing the UK financial services industry and the regulation of securities and investments, and it carries various implications for running employee incentive arrangements. FSMA 2000 is bolstered by a wide suite of further statutory instruments, rules and guidance issued by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA). This Practice Note sets out the impact of FSMA 2000 on employee incentive arrangements and highlights key considerations that employers must address when inviting employees in the UK to participate in such incentives. FSMA 2000 FSMA 2000 regulates securities and investments in the UK to protect consumers, uphold and strengthen the integrity of the financial system, and foster effective competition within the financial services sector. It achieves this by banning and limiting a wide range of activities relating to specific kinds of investments unless undertaken by an authorised person, or where an exclusion or exemption applies. A contravention of either the General Prohibition...