Market neutral meaning

In this issue: UK, EU and international regulators and bodies Authorisation, approval and supervision Accountability, culture and social governance Prudential requirements Operational resilience Financial crime and sanctions Complaints, compensation and claims management Investigations, enforcement and discipline Regulation of capital markets Regulation of derivatives Banks and mutuals Investment funds and asset management MiFID II Regulation of insurance Payment services and systems Fintech and cryptoassets Financial Services Enforcement Database Daily and weekly news alerts Intraday news alerts New and updated content Dates for your diary UK, EU and international regulators and bodies ESAs highlight role of behavioural insights in supervisory and policy work The three European Supervisory Authorities — the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA) and the European Securities and Markets Authority (ESMA) — have issued a joint report arising from their February 2024 workshop on integrating...

In this issue: UK, EU and international regulators and bodies Financial crime and sanctions Consumer protection Complaints, compensation and claims management Investigations, enforcement and discipline Regulation of capital markets Packaged Retail and Insurance-based Investment Products (PRIIPs) Dispute resolution for financial services lawyers Regulation of derivatives Sustainable finance and ESG Banks and mutuals Investment funds and asset management UK MiFID II EU MiFID II Consumer credit, mortgage and home finance Payment services and systems Fintech and cryptoassets Regulation of AI in FS LexTalk®Financial Services: a Lexis®Nexis community Financial Services Enforcement Database Daily and weekly news alerts Intraday news alerts Dates for your diary UK, EU and international regulators and bodies Treasury Select Committee publishes letter from FCA CEO following recent evidence session The House of Commons (HoC) Treasury Select Committee (TSC) has issued a letter dated 30 April 2025 from Nikhil...

Germany and France call for a broader review of the AVMSD Germany and France are urging a more extensive, in‑depth reassessment of the EU’s Audiovisual Media Services Directive (AVMSD) to secure a genuine level playing field across the market, irrespective of intermediaries or distribution channels. In remarks on the latest draft political statement designed to shape the European Commission’s forthcoming AVMSD revision, Germany argued for ‘an even more far‑reaching and fundamental mandate’ to address fairness in light of shifting market realities. Poland, which is steering talks in the Council of the EU, is assembling the statement with contributions from other member states, ahead of the review due next year. Adopted in 2010 and updated in 2018, the directive’s initial statement draft floated bringing video‑sharing platforms such as YouTube, Instagram and TikTok within scope of additional obligations, while the second and most recent text underscored the necessity of a level playing field in the distribution of advertising revenues...

1. What is the applicable legislation? The main statute overseeing foreign direct investment (FDI) in Mexico is the Foreign Investment Law (FIL), published in the Federal Official Gazette (Diario Oficial de la Federación) on 27 December 1993 and most recently amended on 15 June 2018, together with its Regulations. The Regulations to the FIL and the National Foreign Investment Registry were published in the Federal Official Gazette on 9 September 1998. Additionally, international FDI treaties—ie where a foreign investor’s participation confers a majority or control of the entity, management rights, or other comparable entitlements (covering any corporate right, not only economic rights to receive a defined return)—known as Agreements for the Encouragement and Reciprocal Protection of Investments (Acuerdos de Promoción y Protección Recíproca de las Inversiones, or ‘APPRIs’) are intended to promote and protect capital cashflow directed into productive sectors. APPRIs are recognised for generating confidence among foreign investors, as they nurture a favourable setting for investment and encourage economic development. Mexico has subscribed to 32 APPRIs with...

Reorganisation for tax purposes This Practice Note explains the meaning of a reorganisation for tax purposes, and outlines how shareholders are taxed when a company undertakes one. A reshaping of a company’s share capital ought to be tax neutral for its investors. For tax, it is treated as involving neither a disposal of existing shares nor an acquisition of replacement shares. A shareholder’s stake in the company before and after the reorganisation is regarded as the same asset for chargeable gains purposes. For tax purposes, a reorganisation is defined expressly by statute. A range of transactions (including bonus issues and rights issues) can fall within that statutory concept. By contrast, some other arrangements (for example, scrip dividends and vendor placings) do not satisfy the conditions to qualify as a tax-neutral reorganisation. Where such steps result in existing shareholders making, or being deemed to make, a disposal, the usual chargeable gains tax rules apply. The fundamental definition of a reorganisation of share capital concerns a single company...

Context Under the European Green Deal, the EU has committed to progressively lowering greenhouse gas emissions up to and beyond 2030, aiming ultimately for net zero by 2050. Regulation (EU) 2021/1119 of 30 June 2021 (the EU Climate Regulation) sets a legally binding requirement for the EU to cut carbon emissions by 55% from 1990 levels by 2030 and to achieve full carbon neutrality by 2050. The European Commission estimates that energy production and consumption account for over 75% of the EU’s greenhouse gas emissions. Rapid decarbonisation of the energy system is therefore vital to meet the 2030 and 2050 goals. To deliver this, the EU is designing and putting in place a legal and policy framework for a climate‑neutral, ‘clean’ energy system, centred on renewable energy and renewable hydrogen, together with improved energy efficiency. The shift to a low‑carbon energy system has long featured on the EU’s policy agenda. The European Green Deal targets build on—and heighten the ambition of—earlier EU strategies and action plans, including the 2030...