MOU meaning

This timeline outlines key developments in the UK regulation of central securities depositories, including under Assimilated Regulation (EU) 909/2014 (the UK Central Securities Depositories Regulation), from 2024 onwards. For earlier milestones, see Central Securities Depositories Regulation (CSDR)—timeline (Archived). 2026 26 January 2026 — IA: The Investment Association presents a roadmap for the move to T+1; IA: T+1 Settlement: Navigating the UK, EU and Swiss Transition [PDF]. UK Accelerated Settlement Taskforce Quarterly Review — Q4 2025: FCA welcomes the Accelerated Settlement Taskforce’s 2025 update on T+1 progress. The T+1 Accelerated Settlement Taskforce has issued its Q4 2025 progress review, detailing advances towards adoption of a trade-date-plus-one (T+1) settlement cycle, with 11 October 2027 as the current target. In tandem, the Investment Association (IA) released T+1 Settlement: Navigating the UK, EU and Swiss Transition, which sets out a proposed roadmap for shifting the UK and EU securities markets from trade-date-plus-two (T+2) to T+1. See: Progress report and roadmap published for transition to T+1 settlement cycle...

In this issue: Energy efficiency and buildings Energy for environmental lawyers Environmental enforcement and prosecutions ESG and sustainability Hazardous substances and chemicals Nature, biodiversity and habitat conservation Waste Waste producer responsibility regimes Water, flooding and drainage Daily and weekly news alerts New and updated content Latest Q&A Energy efficiency and buildings The Department for Energy Security and Net Zero (DESNZ) has issued its 2025 post‑implementation review (PIR) of the Energy Savings Opportunity Scheme (ESOS) Regulations 2014 (SI 2014/1643). Using Phase 3 compliance notifications from the Environment Agency, together with unpublished interim data from Phase 3 action plans, and building on the 2020 PIR, it recommends holding off any major amendments to the ESOS Regulations until a full evaluation ends in May 2026, after which a comprehensive PIR will be completed. The research evaluates how energy audits and reporting identify and deliver energy efficiency savings across organisations. See: LNB News 14/08/2025 6...

In this issue: Advertising, marketing and sponsorship Agency and distribution Consumer protection Contracts E-commerce International Public procurement Supplier management LexTalk®Commercial: a Lexis®Nexis community Daily and weekly news alerts New and updated content Dates for your diary Trackers Advertising, marketing and sponsorship ASA rulings—31 July 2024 The Advertising Standards Authority (ASA) has flagged the Person(s) unknown trading as Mendio Life for inquiry after insights from its Active Ad Monitoring system. A Meta promotion by Mendio Life for an acupressure clip asserted medical effects for a device lacking the necessary conformity marking and absent from the Medicines and Healthcare Products Regulatory Agency (MHRA) register. This decision sits within the ASA’s wider work on advertisements asserting treatment for prostrate issues, as part of a consumer-protection drive against such claims. The ASA also received a complaint about Nultqh GB’s Meta advert for a prostate patch, which advanced medicinal claims for an unlicensed item. The...

In this issue: UK, EU and international Regulators and bodies Financial crime and sanctions Complaints, compensation and claims management Investigations, enforcement and discipline Dispute resolution for financial services lawyers Regulation of derivatives Banks and Mutuals Consumer credit, mortgage and home finance Regulation of insurance Payment systems and services Fintech and cryptoassets AI in financial services Financial Services Enforcement Database Daily and weekly news alerts Daily and weekly news alerts New and updated content Dates for your diary UK, EU and international Regulators and bodies House of Lords confirms the Financial Services Regulation Committee and restarts its inquiries Following the State Opening of Parliament on Wednesday 17 July 2024, the House of Lords reappointed the Financial Services Regulation Committee on Monday 29 July 2024. See: LNB News 05/08/2024 60. Financial crime and sanctions NCA and UKFIU issue SARs Reporter Booklet August 2024 The National...

The creation of the Competition and Market Authority (CMA) in 2013 The establishment of the Competition and Market Authority (CMA) in 2013 coincided with an overhaul of a component of the criminal cartel offence that prosecutors had to prove to convict directors and officers. When the Enterprise and Regulatory Reform Act 2013 (ERRA 2013) commenced on 1 April 2014, the dishonesty element of the cartel offence was scrapped, marking a radical change to what prosecutors had previously been required to establish. Under the revised regime, an individual commits the offence by agreeing, with one or more persons, that two or more undertakings will take part in specified prohibited cartel arrangements (price-fixing, market-sharing, bid-rigging, or limiting output), regardless of dishonesty. Any such arrangements must have occurred in the UK to be caught. As explained further below, this shift is partly offset by new exceptions, covering notification of customers, publication of arrangements, and compliance with a legal requirement, as well as defences, including that the accused did not intend to conceal...

On 4 January 2022, the National Security and Investment Act 2021 (NSI Act) brought in a compulsory foreign direct investment (FDI) notification framework in the UK for deals in specified sectors to safeguard national security. Running in parallel with the existing merger control system, it supplanted the former powers that allowed government intervention in merger reviews on national security grounds. The tracker below outlines the NSI Act’s journey through the parliamentary process. In particular, it charts the legislation’s movement through Parliament to its enactment, as well as later significant milestones and materials released once the NSI Act took effect. 2026 Date Stage Further reading 26/03/2026 The Cabinet Office issued a Memorandum of Understanding (MoU) with the CMA on how the NSI Act operates. This MoU replaces a June 2022 MoU between BEIS and the CMA • MoU published 12/03/2026 The Government releases its reply to its consultation on suggested updates to the Notifiable Acquisition Regulations, which define the parts of the economy requiring mandatory...

Role of the Pensions Regulator Statutory objectives The Pensions Regulator’s core function is to meet the statutory objectives set out in section 5 of the Pensions Act 2004 (PeA 2004). These are: to safeguard the benefits due to, or on behalf of, members of occupational pension schemes to safeguard the benefits due to, or on behalf of, members of personal pension schemes who are: employees for whom there are 'direct payment arrangements' (defined below), and where the scheme is a stakeholder pension scheme, any other members to reduce the likelihood of circumstances that could lead to compensation from the Pension Protection Fund for defined benefit scheme funding, to minimise any adverse effect on an employer’s sustainable growth to maximise compliance with auto-enrolment duties (for further information on which, see Practice Note: Auto-enrolment—an introduction) to promote, and improve understanding of, the good administration of 'work-based pension schemes', namely: ...

Joint venture between [ insert name of first shareholder ] ([ A ]) and [ insert name of second shareholder ] ([ B ]) [ Agreed form ] [ list OR List ] of [ completion ] documents Definitions: JVC – [ [ insert name ] [ Limited OR PLC ] OR the joint venture company to be formed with [ A ] and [ B ] as shareholders ] (the Joint Venture Company) AS – [ insert name ] [ LLP OR Solicitors ] ([ A ]’s Solicitors) BS – [ insert name ] [ LLP OR Solicitors ] ([ B ]’s Solicitors) [ insert other persons (i.e. financial advisers, accountants, parties and subsidiaries) and documents involved ] No. Document Responsibility Status/ comments Preliminary documents Confidentiality agreement [ insert details ] [ insert details ] Exclusivity agreement [ (NB provisions could be contained in Heads of Terms) ] [ insert details ] [...