Passive management meaning

In this issue: Building safety Building regulations Construction industry news Daily and weekly news alerts Construction trackers Building safety Built environment industry responses to Grenfell Tower Inquiry Phase 2 Report After the Grenfell Tower Inquiry Phase 2 Report was issued on 4 September 2024, a number of built environment bodies shared their reactions. Statements were also made by the Prime Minister, Sir Keir Starmer, and Fiona MacGregor, Chief Executive of the Regulator of Social Housing. See: LNB News 05/09/2024 52. Scottish Government establishes MWG after Grenfell Inquiry Phase 2 Report Following publication of the Phase 2 report on 4 September 2024, the Scottish Government has set up an MWG. The report concentrated on the physical state of Grenfell Tower, with evidence taken across several modules, including the main refurbishment (overview and cladding), cladding products, internal active and passive fire safety measures, and building management...

Domestic CBI updates its position in relation to portfolio transparency for UCITS ETFs The Central Bank of Ireland (CBI) has updated its UCITS Q&A to outline its revised stance on portfolio transparency for UCITS ETFs. This positive development extends to all UCITS ETFs, as well as UCITS offering ETF share classes, regardless of whether they follow a passive track or adopt an active approach... CBI consultation on Fitness and Probity Regime The CBI has launched the CP160 Consultation Paper on proposed amendments to its Fitness & Probity (F&P) Regime. This consultation stems from recommendations by Andrea Enria, the former Chair of the European Central Bank Supervisory Board, who carried out an independent review of the F&P regime...

Communicating your viewpoint with calm assurance is vital for any legal professional, yet many of us at times feel far from assertive. This Practice Note sets out what may trigger fluctuations in your assertiveness and what you can do to support yourself. What is assertiveness? People often speak about assertiveness without clearly stating what they mean. Collins defines it as ‘the quality of being able to express one’s opinions or desires in a clear and direct manner’. Assertiveness involves trusting yourself and standing up for your own rights while still respecting the rights of others. It is founded on the belief that other people’s needs and rights are just as important as our own. Assertive individuals can express themselves confidently, explain their position and what outcome they want, without slipping into passive, aggressive or manipulative behaviour. Those with strong assertiveness skills show genuine interest in and care for others. They have high self‑esteem and faith in themselves, which they project without overwhelming anyone. Such people communicate their...

The framework governing trusts in the British Virgin Islands (BVI) is set out in the Trustee Act (as amended) (Cap 303, Laws of the BVI) together with the Virgin Islands Special Trusts Act 2003, as amended (the VISTA Law). Trusts formed under the VISTA Law (VISTA Trusts) commonly hold shares, whether directly or through holding structures, in operating companies rather than purely passive investment vehicles, often trading in fields unfamiliar to the trustee and regularly located at a distance from the BVI. Addressing such demanding circumstances was the very reason the VISTA Law was designed and enacted, which in turn makes VISTA Trusts a highly effective tool within international wealth structuring. This Practice Note considers selected aspects of the management and administration of VISTA Trusts. Separation of trust and corporate governance The VISTA Law acknowledges that trustees are seldom natural entrepreneurs...

This Practice Note surveys how mobile network operators (MNOs) share networks and physical assets. By outlining the principal forms of infrastructure sharing, the commercial rationale, operating models, competition considerations, and likely developments, it offers a concise guide to managing legal and regulatory exposure in the UK... Although negotiating network and facilities sharing is complex, doing so can deliver meaningful gains for MNOs. Co-ordinated sharing continues to unlock notable cost efficiencies, whether through alliances with direct competitors or partnerships with independent tower operators and facilities providers. Even so, as this Note underlines, it is essential to address and control the inherent legal and regulatory risks when drafting, negotiating, and finalising such arrangements... Brexit This Practice Note concentrates on the UK market and evaluates the applicable UK competition law. The emphasis is on block exemptions that may apply to the sharing structures discussed. These exemptions set the conditions under which particular categories of agreement are exempt from the prohibition on restrictive agreements...