Pay when certified meaning

Risk & Compliance weekly highlights—7 November 2024 In this issue: Data Protection Financial Sanctions Other financial crime Other Risk & Compliance updates this week Question of the week LexTalk®Risk & Compliance: a Lexis®Nexis community Daily and weekly news alerts Trackers New and updated content Data Protection EDPB adopts report on first review of EU-US Data Privacy Framework The European Data Protection Board has approved a report from its initial review of the EU–US Data Privacy Framework. It commends progress on implementing the DPF, while urging active supervision of DPF‑certified organisations and clearer guidance on cross‑border transfer obligations. The Board recognises that the redress mechanism is in place, but seeks close observation of how it works in practice and of safeguards grounded in necessity and proportionality. It advises that the EU–US adequacy decision be revisited within three years and flags worries that certain recommendations on law enforcement access to data could intrude on fundamental...

Current court fees This Practice Note sets out details of the principal court fees payable for civil proceedings in the Court of Appeal, High Court and County Court, as prescribed by the Civil Proceedings Fees Order, SI 2008/1053, Sch 1 (as amended). The majority of court fees for civil matters are contained in the Civil Proceedings Fees Order, SI 2008/1053, Sch 1, which is updated whenever any of the Schedule 1 fees are altered. Certain civil proceedings fees are prescribed in other legislation, including Supreme Court fees—see Practice Note: Supreme Court—costs, fees and funding—on or after 2 December 2024. A comprehensive list of the fees payable in civil proceedings is available on GOV.UK—Fees in the Civil and Family Courts—full list (EX50A). A selection of the principal fees payable in civil proceedings is also set out on GOV.UK—Civil court fees (EX50). HMCTS has issued guidance on paying court fees, including support available for those who cannot afford to pay court fees—see: GOV.UK—Pay a civil or family court fee, get help...

permits a borrower to apply for, and secure, an accelerated authorisation to pay UK-source interest to a non-UK lender at the reduced withholding tax rate (which could be 0%) set under the relevant double tax treaty (DTT) with the UK, where the lender has already obtained a passport confirming it is resident in the appropriate jurisdiction and entitled to the benefit of the applicable DTT between that jurisdiction and the UK. This expedited route operates only where the passport has been granted to that lender concerned. The current DTTP scheme applies to loans entered into (or transferred) on or after 6 April 2017, and the terms, conditions and guidance for the present DTTP scheme were updated in October 2023. There was also a minor update in April 2024, which solely removed a reference to ‘DTTP30620 DTTP2A process—syndicated loans’ from the table of contents to reflect that the underlying page, DTTP30620, does not exist in the document. This Practice Note explains: how the DTTP scheme provides...

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Parent company guarantee (PCG) A PCG is an agreement between a parent company and a beneficiary under which the parent promises the subsidiary’s performance owed to that beneficiary beneath a separate contract between them (for example, a building contract). If the subsidiary fails to fulfil its obligations to the beneficiary, the parent company can be obliged either to perform those obligations itself or to repay the beneficiary for losses arising from the subsidiary’s failure to perform. See subtopic: Parent company guarantees in construction projects. Partial possession Partial possession arises when the employer takes control of one or more parts of the works before the whole project reaches practical completion; for instance, letting a completed storey to a tenant while work continues on the remaining floors. In that situation, practical completion is treated as achieved for the relevant part. See Practice...