Network Access Point meaning

In this issue: UK, EU and international regulators and bodies Prudential requirements Risk management and controls Operational resilience Financial crime and sanctions Complaints, compensation and claims management Investigations, enforcement and discipline Regulation of capital markets Sustainable finance and ESG Banks and mutuals Investment funds and asset management Consumer credit, mortgage and home finance Regulation of insurance Payment services and systems Fintech and cryptoassets Regulation of AI in FS Dates for your diary New and updated content Financial Services Enforcement Database Daily and weekly news alerts LexTalk®Financial Services: a Lexis®Nexis community UK, EU and international regulators and bodies ESAs publish spring 2026 joint risk update The three European Supervisory Authorities—the European Banking Authority, the European Insurance and Occupational Pensions Authority, and the European Securities and Markets Authority—have released their Joint Committee spring 2026 update examining risks and vulnerabilities across the EU financial system....

In this issue: Post-market Commercialisation Competition in life sciences Medical devices Data protection in life sciences Pharmaceuticals—regulatory framework Intellectual property LexTalk®Life Sciences: a Lexis®Nexis community Daily and weekly news alerts New and updated content Trackers Useful information Post-market Industry coalition urges withdrawal of AI Liability Directive MedTech Europe, with 11 other industry bodies, issued a joint statement urging withdrawal of the proposed AI Liability Directive (AILD). They say it would add needless legal complexity, undermine EU competitiveness and deter artificial intelligence (AI) innovation. The group insists the newly adopted Product Liability Directive should be implemented and reviewed before any further liability regimes are considered. They also warn the AILD could unsettle established contractual liability practices and conflicts with the EU’s Sustainable Prosperity Deal and the Draghi Report’s call for a streamlined AI legal framework. See: LNB News 05/02/2025 58. Commission proposes Critical Medicines Act to bolster supply chain The...

In this issue: Disputes and remedies Repairing obligations and dilapidations Contractual issues Service charges Property disputes in Scotland LexTalk®Property Disputes: a Lexis®Nexis community Additional Property disputes updates Daily and weekly news alerts New and updated content Dates for your diary Trackers Latest Q&As Disputes and remedies Express declaration of trust superseded by subsequent common intention constructive trust (Nilsson v Cynberg) Nilsson v Cynberg [2024] EWHC 2164 (Ch) concerned an appeal brought by trustees in bankruptcy against a ruling that the bankrupt had no beneficial interest in the former family home. The property had been subject to an express declaration of trust naming the couple as joint tenants. At first instance, the court found that this position later changed by way of a common intention constructive trust and/or proprietary estoppel arising at a later point in time, and in particular because of the separation of the bankrupt and his wife and their...

This Practice Note sets out the requirements of the United Kingdom General Data Protection Regulation, Assimilated Regulation (EU) 2016/679 (UK GDPR), where a processor handles personal data for a controller in a commercial setting. It proceeds on the basis that readers are already familiar with core data protection concepts, terminology, and the functions of key regulators. For an initial overview of data protection law, consult the ‘key principles and concepts’ tab in the UK Data Protection toolkit, which is a recommended starting point for research. For a higher-level primer on this topic and connected matters, see: Data sharing and transactions—overview. This Practice Note also sits within the Data protection negotiation guide—controller: processor—collection, which practitioners drafting or negotiating data protection clauses between a controller and a processor may find helpful. In brief UK data protection legislation aims to ensure information about living people (within the scope of ‘personal data’) is treated fairly and responsibly. To achieve this, the UK GDPR places extensive duties on those ‘processing’ personal data (and...

What are energy industry codes? Alongside legislation and licence obligations, Great Britain’s (GB) electricity wholesale and retail markets are underpinned by a range of industry codes that set the rules governing the sector and to which licensees and other participants must comply, maintain involvement, or accede, and, taken together, they determine the terms on which market participants may access the electricity network. Further details and links to these codes appear below for users and stakeholders. For a consolidated overview of principal industry bodies and codes spanning the GB gas and electricity markets, see Practice Note: Industry Bodies and Codes—Electricity and gas market for further reference and guidance. What are Code Administrators and what is their role? Background Each industry code appoints a designated ‘Code Administrator’, serving as the main point of contact for that code, through which users can find additional information relating to the relevant code. Each Code Administrator must perform their functions for their respective codes in accordance with the Code Administration Code of Practice...

What are energy industry codes? Alongside legislation and licence obligations, Great Britain’s gas wholesale and retail markets are underpinned by a suite of industry codes. These documents set the rules that govern the sector and that licensees and other market participants must uphold, comply with, or accede to, and together they establish the conditions under which participants may access the gas network. Details and links to these codes appear below. For a single, consolidated overview of the principal industry bodies and codes across the GB gas and electricity markets, see Practice Note: Industry Bodies and Codes—Electricity and gas market. What are Code Administrators and what is their role? Background Each industry code has an appointed ‘Code Administrator’, the main contact point for that code and the source of further information for users. Code Administrators must perform their roles for their respective codes in accordance with the Code Administration Code of Practice (CACoP) and act as a ‘critical friend’ to code users, offering support to all with...