National technical regulation 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...

In this issue: Electricity and gas market regulation and licensing Renewable energy Capacity Market, balancing services and energy system flexibility Conventional power, waste to energy, biomass, and CHP projects Nuclear energy Planning issues in energy projects International energy Daily and weekly news alerts New and updated content Dates for your diary Trackers Electricity and gas market regulation and licensing Ofgem publishes determinations on code manager selection for REC and BSC Ofgem has issued two determinations, setting out its conclusions under section 187(1) of the Energy Act 2023 to move ahead with appointing code managers for the Balancing and Settlement Code (BSC) and the Retail Energy Code (REC) without running a competition. As a consequence, both the Retail Energy Code Company Ltd and Elexon Ltd will, respectively, be asked to provide a licensing assessment form. Ofgem will subsequently review the submissions and confirm whether it proposes to award each entity a licence. See:...

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...

Domestic CBI publishes first edition of Payment and E-Money Newsletter The newsletter aims to deliver updates on significant regulatory developments across the payments and e-money sectors and to signpost relevant forthcoming changes. Topics featured in the newsletter include: Safeguarding thematic inspection — the CBI shares findings from a thematic examination of safeguarding across payment institutions (PIs) and e-money institutions (EMIs). The assessment considered the operational effectiveness of safeguarding procedures and the robustness of control frameworks within those firms Customer service — following an evaluation of customer experience through the lens of complaints, the CBI sets out its expectations for customer service, including in the context of the updated Consumer Protection Code (CPC) Fitness and probity — the CBI reminds PIs/EMIs: of the obligation to appoint a designated responsible person to the PCF-56 Head of Safeguarding role following changes to the list of pre-approval-controlled functions (PCFs) in November 2025, with further details to be issued by the CBI...

Position limits under Article 57 of MiFID II This Practice Note explains position limits under Article 57 of the recast Markets in Financial Instruments Directive (Directive 2014/65/EU) (MiFID II) and how they operate for commodity derivatives, or derivatives with a commodity as the underlying, in line with Commission Delegated Regulation (EU) 2022/1302 of 20 April 2022 (RTS 21a), as applicable. It also summarises the changes introduced by Directive 2021/338—including the expansion of available exemptions from position limits under Article 57—and the revisions made by Directive (EU) 2024/790 (the MiFID II Review) to obligations on position management controls; see Position management controls. The MiFID II Review, together with Regulation (EU) 2024/791 amending Regulation (EU) 600/2014 (the MiFIR Review), was published in the Official Journal of the EU on 8 March 2024. Member States must transpose the provisions of Directive (EU) 2024/790 into national law by 29 September 2025. For information about position reporting under MiFID II, see Practice Note: Position reporting under EU MiFID II. For information about the UK’s...

Key information EU Paints Directive Official title: Directive 2004/42/EC of the European Parliament and of the Council of 21 April 2004 on limiting emissions of volatile organic compounds from the use of organic solvents in certain paints, varnishes and vehicle refinishing products, amending Directive 1999/13/EC (the EU Paints Directive) Entered into force: 30 April 2004 Deadline for transposition: 30 October 2005 National transposition: see Eur-Lex for national transposition measures submitted by Member States Principal amendments: Directive 2008/112/EC of 16 December 2008, introducing changes to reflect Regulation (EC) 1272/2008 on classification, labelling and packaging of substances and mixtures - transposition deadline: 1 April 2010; application from 1 June 2010 Directive 2010/79/EU of 19 November 2010, adapting Annex III to Directive 2004/42/EC in line with technical progress - transposition deadline: 10 June 2012 Regulation (EU) 2019/1020 of 20 June 2019 on market surveillance and product compliance, amending Directive 2004/42/EC and Regulations (EC) No 765/2008 and No...

This Practice Note outlines the principal cybersecurity ramifications posed by artificial intelligence (AI) in relation to duties under UK law, including those arising from the United Kingdom General Data Protection Regulation, Assimilated Regulation (EU) 2016/679 (UK GDPR). It further sets out practical guidance on embedding AI as a relevant factor within existing cybersecurity compliance frameworks already in place. Advances in AI prompt concerns about the implications for cybersecurity and, as adoption grows, so too do related cybersecurity concerns. In January 2024, the UK National Cyber Security Centre (NCSC), the UK’s technical authority on cyber threats, warned that AI will almost certainly render cyberattacks on UK organisations more effective and widespread. In April 2026, DSIT and the Cabinet Office published an open letter to businesses on AI cyber threats, warning that the development of AI models is dramatically expanding the speed and scale at which cyber attacks are being carried out, and that organisations must adjust the way they manage cyber risk accordingly in response (see: LNB News 16/04/2026 14)....