Memoranda of understanding meaning

In this issue: Data protection Financial sanctions AML, CTF & counter-proliferation financing Question of the week Daily and weekly news alerts Trackers New and updated content Data protection ICO signs cross-border data protection and privacy enforcement agreement The Information Commissioner’s Office (ICO) has entered a fresh multilateral international arrangement with the Global Cooperation Arrangement for Privacy Enforcement (Global CAPE), enabling collaboration on cross-border privacy and data protection enforcement. This allows the ICO to support inquiries and share information with participating jurisdictions without the need for separate memoranda of understanding. Global CAPE’s participants include the United States, Australia, Canada, Mexico, Japan, the Republic of Korea, the Philippines, Singapore and Chinese Taipei. Global CAPE was established to complement the Asian Pacific Economic Cooperation Cross-border Privacy Rules (APEC CBPR), which likewise facilitates co-operation and assistance in privacy and data security investigations among APEC’s Asian Pacific countries. See: LNB News 04/04/2024 23. Financial sanctions OFSI amends...

In this issue Data protection Reputation management Daily and weekly news alerts New and updated content Updated Practice Notes Updated Precedents Data protection ICO signs cross-border data protection and privacy enforcement agreement The Information Commissioner’s Office (ICO) has entered into a new international multilateral arrangement with the Global Cooperation Arrangement for Privacy Enforcement (Global CAPE) to support cross-border data protection and privacy enforcement. Through this framework, the ICO may now help with investigations and exchange information with participating countries without needing separate memoranda of understanding. Global CAPE’s members include the United States, Australia, Canada, Mexico, Japan, the Republic of Korea, the Philippines, Singapore and Chinese Taipei. The arrangement was developed to complement the Asian Pacific Economic Cooperation Cross-border Privacy Rules (APEC CBPR), which likewise promotes collaboration and assistance in privacy and data security investigations...

Amaplat Mauritius Ltd, et al v Zimbabwe Mining Development Corporation, et al , No 22-58, D DC, 2024 US Dist Waived immunity In the 9 February 2024 decision, US District Judge Christopher R. Cooper in the District of Columbia determined that the plaintiffs, Amaplat Mauritius Ltd. and Amari Nickel Holdings Zimbabwe Ltd., have adequately pleaded that the Republic of Zimbabwe and the Zimbabwe Mining Development Corp. (ZMDC) function as alter egos. Judge Cooper explained that the pleadings sufficiently assert that Zimbabwe exercised control over ZMDC’s affairs and finances, thereby satisfying the standard for an alter-ego relationship and meeting the relevant test. Because ZMDC had entered into memoranda of understanding (MOUs) with the plaintiffs in which it waived sovereign immunity from suit under section 1605(a)(1) of the Foreign Sovereign Immunities Act (FSIA), 28 USC § 1605(a)(1), the judge concluded that Zimbabwe is likewise not immune from suit, and thus the case may proceed...

What is a planning performance agreement? (PPA) Planning performance agreements are voluntary memoranda of understanding or agreements between a planning applicant, the local planning authority (LPA) and, in some instances, other interested parties such as key statutory consultees. A PPA records agreed commitments on timescales, tasks and the resources to be applied to a particular planning submission. Functioning as a project management framework, it sets out the pathway for reaching a determination on the application. PPAs are commonly put in place before an application is lodged and may span every stage of the process, including pre-application. Although the emphasis is usually on the pre-application and application phases, a PPA can also extend into the post-application period, for example to govern how reserved matters or approvals of details will be dealt with. They might be documented as a simple memorandum of understanding or an exchange of letters, or entered into under section 111 of the Local Government Act 1972 (LGA 1972) (see Q&A: What is a section 111 agreement?)....

This Practice Note explores international regulatory cooperation with an emphasis on cross-border regulatory investigations. It outlines the Financial Conduct Authority’s (FCA) statutory obligation to collaborate with overseas authorities and the supervisory and investigatory powers it may deploy to support those authorities’ inquiries. It also explains how cross-border investigations operate in practice and offers practical guidance for individuals responding to an overseas regulator’s information request or engaged in concurrent cross-border investigations... Key points The FCA is legally required to cooperate with overseas regulators; this can range from supplying requested information to using its own investigatory powers on an overseas authority’s behalf The FCA retains discretion over the scope of its cooperation and is subject to defined limits on the assistance it may provide Early, proactive and inquisitive engagement can benefit recipients of information requests and those who are the subject of investigations Where domestic and overseas investigations run in parallel, careful coordination of information, steps taken and eventual outcomes with both UK and foreign...

FSCS FSCS was set up under Part XV of the Financial Services and Markets Act 2000 (FSMA 2000). It is the statutory compensation scheme of last resort for customers of firms authorised by the Financial Conduct Authority (FCA) or the Prudential Regulation Authority (PRA). Financed by levies on authorised firms, the FSCS is independent of the FCA, the PRA and the government, and it does not charge claimants to use its service. Rule-making and oversight of the FSCS are undertaken jointly by the PRA and the FCA, and the three bodies have entered into memoranda of understanding (MoUs) that set out how they will co-operate in performing their functions in relation to the compensation scheme. The MoUs can be read here (PRA/FSCS) and here (FCA/FSCS)...

Any words or expressions cited in these signing/authorisation limits are set out in the ‘Terms’ table—see section 1... 1 Terms Contract An oral or written arrangement between two or more parties that creates obligations enforceable or otherwise recognised at law, and which binds [ Insert organisation’s name ], whether or not it is expressly labelled a contract. Examples include: leases licences guarantees indemnities agreements letters of intent memoranda of understanding statements of work non-disclosure (or confidentiality) agreements click-to-accept online terms ‘shrink-wrap’ licence agreements and extensions amendments or variations to any Contracts Extraordinary Items Expenditure that is either not included in Board-approved budgets, exceeds Board-approved budgets, or falls outside the ordinary course of business...