Notifiable events meaning

In this issue: Commercial Competition and state aid Data protection and cybersecurity Free movement, immigration and employment Financial services Energy Environment Insurance and reinsurance Life sciences Regulatory Restructuring and insolvency TMT International trade Daily and weekly news alerts New and updated content Trackers and horizon scanners Commercial BEUC warns the Parliament’s Digital Omnibus on AI dilutes consumer safeguards The European Consumer Organisation (BEUC) says that, after Parliament set out its stance on the Digital Omnibus on AI on 26 March 2026, it warns the draft would markedly erode consumer protections just months after the EU AI Act was finalised. Under Parliament’s approach, numerous consumer-facing AI systems would no longer fall within the EU AI Act’s high-risk tier, as many would be reclassified. As a result, AI-enabled products might escape key compliance obligations and core conformity requirements in practice. BEUC adds that, rather than streamlining the framework, this...

The Pensions Regulator’s scheme management enforcement strategy explains its approach to compliance and enforcement across defined benefits funding, defined contribution and public service pension schemes, while also describing the outcomes TPR may pursue and the means by which it could achieve them, all to strengthen safety and security for pension savers. Its prosecution policy and broader enforcement strategy set out the principal aims of its enforcement activity and give insight into the framework TPR applies when deciding which cases to take forward for enforcement action. Initial considerations in TPR investigations In its capacity as the UK regulator for work-based pension schemes, TPR has a suite of information-gathering powers to identify and track risks and to obtain evidence to support criminal prosecutions. These include: requiring reports of breaches of the law and notifiable events requiring reports prepared by skilled persons on specified issues compelling trustees and employers to provide documents and other information the power to inspect premises For more...

Use of terms ‘connected’ and ‘associate’ in pensions Although initially coined within the insolvency/bankruptcy regime set out in the Insolvency Act 1986 and underlying regulations, the notions of ‘association’ and ‘connection’—together with the allied idea of ‘control’—have, over time, been adopted and applied across various parts of the UK’s pensions legislation framework for practical purposes in appropriate cases. Examples include: Moral hazard powers — the terms are employed in the moral hazard provisions of the Pensions Act 2004, in practice to assess the degree of distance or proximity of entities from sponsoring employers of occupational pension schemes, and whether such entities might be susceptible to the Pensions Regulator’s moral hazard powers, for example the issue of financial support directions and contribution notices — for further information, see Practice Notes: Contribution notices and Financial support directions Employer-related investments — the terms are used in the employer-related investment framework in relation to the capacity of trustees of occupational pension schemes to enter into dealings with the schemes’...

THIS PRACTICE NOTE APPLIES IN RELATION TO ALL PRIVATE SECTOR PENSION SCHEMES It applies across all private sector pension schemes. This Practice Note explores the pension matters that affect the seller on a business sale. For issues that concern the buyer, see Practice Note: Pension issues in business sales—acting for the buyer. For an outline of the pension considerations relevant to trustees of any occupational pension scheme in which the seller participates, see Practice Note: Corporate transactions—pension issues when acting for the trustees. Navigating pension aspects in the context of a business sale can be intricate. Corporate solicitors considering these points should bring in a pensions specialist as early as possible...