National regulatory authority meaning

Checklist This Checklist presents a consolidated, structured timeline for the EU Markets in Crypto-Assets Regulation, Regulation (EU) 2023/1114 (MiCA Regulation), which took effect on 29 June 2023. It covers the staggered roll-out of the Level 1 regime (Phase 1) and the progression of Level 2 and 3 measures. The Checklist sets out the principal legislative milestones and commencement dates before and after the Phase 1 implementation of the MiCA Regulation, together with the continuing development of regulatory technical standards (RTS), implementing technical standards (ITS), guidelines, Q&As and other supervisory actions issued by the European Securities and Markets Authority (ESMA), the European Banking Authority (EBA) and other relevant authorities. For material centred on how EU authorities regulate cryptoassets, see Practice Note: EU regulation of cryptoassets. To explore the stance adopted by supranational bodies on the regulation of cryptoassets, see Practice Note: Supranational approach to the regulation of cryptoassets. 2026 2 March 2026 - European Banking Authority: EBA issues a No Action letter on the interaction between...

Private actions CAT refuses certification of collective proceedings against water companies The CAT handed down its judgment on a number of applications for collective proceedings orders (CPOs) issued by Professor Carolyn Roberts against six water and sewerage undertakers (Wises). She alleged the companies abused a dominant position by supplying misleading information to various regulatory bodies about the volume of pollution incidents on their networks. The CAT declined to certify the claims, finding that the abuse of dominance allegations were statute barred. Background In 2024, Professor Carolyn Roberts (the PCR) sought authorisation to bring collective proceedings on behalf of household customers of six Wises, claiming the undertakers under-reported pollution incidents (PIs) to the Water Services Regulation Authority (Ofwat). The PCR contended that this alleged understatement meant the Wises were able to charge higher prices than would have been allowed had accurate figures been reported...

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: Brexit headlines Brexit SIs Post-Brexit transition guidance Constitutional and administrative law Equality and human rights Subsidy control and State aid Public procurement Management and strategic planning Daily and weekly news alerts New and updated content Dates for your diary Trackers Useful information Brexit headlines ESC publishes fifth Report of Session 2023–2024 The European Scrutiny Committee (ESC) has released its fifth Report for Session 2023–2024, covering items considered at that meeting too. At its 13 December 2023 meeting, the ESC reviewed Windsor Framework material from the Department for Environment, Food & Rural Affairs (DEFRA) on formaldehyde and legislative changes to EU Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) rules. The Committee also examined Trade and Cooperation Agreement papers from the Foreign, Commonwealth & Development Office (FCDO) concerning electric accumulators and electrified vehicles. See: LNB News 14/02/2024 27. Brexit SIs Railways (Revocation and Consequential Provision) Regulations...

Scope of this Practice Note This Practice Note sets out the main types of radioactive waste and examines disposal against the EU-defined waste hierarchy. It places contemporary management of radioactive waste within the historical development of the nuclear industry from a planning standpoint. Principal policy documents are reviewed to chart the evolution of government thinking over time. Geological disposal of Higher Activity Waste (HAW) under the Planning Act 2008 (PA 2008) is compared with alternative disposal routes under the Town and Country Planning Act 1990 (TCPA 1990) and the Planning (Wales) Act 2015. Consultation duties, application processes and required consents are identified for both regimes. Notable planning appeals and judicial review cases are highlighted before looking at international approaches to radioactive waste. What is radioactive waste? In the UK, radioactive waste arises—and will arise—from past, current and future programmes for electricity generation from nuclear fission, the reprocessing of nuclear fuel, the development of nuclear weapons, the nuclear submarine fleet and wastes from radioactive materials used for civil...

A conversation with David Fruitman, Regional Competition Counsel, and Kristy Newby, Country Managing Director, Lao PDR, at regional law firm DFDL Legal and Tax Services, on key issues on merger control in Laos Have there been any recent developments regarding the regime and are any updates/developments expected in the coming year? Are there any other ‘hot’ merger control issues in Laos? Although the Law on Competition (No. 60/NA, 14 July 2015) (the Competition Law) was adopted in December 2015 and a regulatory body was formed in October 2018, no implementing regulations have been promulgated to date, meaning the Competition Law is not presently being applied, notwithstanding the creation of the Business Competition Commission. Under the law, is the control test the same as the EU concept of ‘decisive influence’? If not, how does it differ and what is the position in relation to ‘minority (non-controlling) shareholdings’? Unclear...

Note—to check whether notification thresholds in the Isle of Man and worldwide are satisfied, consult: Where to Notify. 1. Have there been recent developments regarding the regime? What are the main points of interest and are any further updates/developments expected? Are there any other ‘hot’ merger control issues in the Isle of Man? The Competition Act 2021 (Act 2021) established, for the first time, a merger control framework within Isle of Man law. Although the Act 2021 is now in force, drafts of several significant items of secondary legislation under it—covering matters such as the notification thresholds—were rejected by the local legislature in January 2025; accordingly, the thresholds for notification remain unknown. Under the Transfer of Competition Functions (OFT to CURA) Order 2025, responsibility for enforcing the Act 2021—including merger control—shifted in the spring of 2025 from the Office of Fair Trading to the Communications and Utilities Regulatory Authority (CURA). The precise criteria for notification have therefore not yet been confirmed. This transfer includes merger control...

1 Sanctions (long form) For clause 1, the following terms are to be interpreted as set out below: Losses means all damages, liabilities, demands, costs and expenses [including all legal and other professional fees, costs and expenses], claims, actions and proceedings [(including all consequential, direct, indirect, special or incidental loss or punitive damages or loss, fines, penalties, interest and loss of profit or any other form of economic loss (including loss of reputation))]; Sanctioned Activity means any activity that falls within sanctions imposed by a Sanctioning Body; Sanctioning Body means the United Kingdom, United States of America, United Nations, European Union and any other applicable local, national or multinational government agency, department, official, parliament, public or statutory person or any government or professional body, regulatory or supervisory authority, board or other body responsible for imposing and/or administering sanctions; Sanctioned Entity means any person or entity that is, or that is owned or controlled directly or indirectly by a person or entity that is,...

Insert the following definitions as new definitions into clause 1 of Precedent: Asset purchase agreement—pro-buyer—corporate seller—unconditional—long form: 1 Definitions and interpretation Sanctioned Activity means any activity that is subject to sanctions applied by a Sanctioning Body; Sanctioning Body means the United Kingdom, United States of America, European Union, and any other relevant local, national or multinational governmental agency, department, official parliament, public or statutory person, or any governmental or professional body, regulatory or supervisory authority, board or other body tasked with imposing and/or administering sanctions; Sanctioned Entity means any person or entity that is, or that is owned or controlled, whether directly or indirectly, by a person or entity that is, the subject of sanctions imposed by, or included on a designated sanctions list of, a Sanctioning Body, and in this clause 1, the words ‘owned or controlled directly or indirectly’ have the meaning...

Add the following definitions as additional definitions in clause 1 of Precedent: Asset purchase agreement—pro-seller—corporate seller—conditional—long form: 1 Definitions and interpretation Sanctioned Activity means any conduct subject to sanctions enforced by the Sanctioning Body; Sanctioning Body means the United Kingdom, United States of America, European Union and any other relevant local, national or multinational governmental agency, department, official parliament, public or statutory person, or any governmental or professional body, regulatory or supervisory authority, board or other body tasked with imposing and/or administering sanctions; Sanctioned Entity means any person or organisation that is, or that is owned or controlled, directly or indirectly, by a person or organisation that is, the target of sanctions imposed by, or on a designated sanctions list by, a Sanctioning Body, and in this clause 1, the words ‘owned or controlled directly or indirectly’ bear the meaning ...