Prescribed market meaning

In this issue: International arbitration Institutional and ad hoc arbitration Sector-and industry-specific arbitration Daily and weekly news alerts International arbitration USA—New York Convention and vacatation of arbitration awards On 23 July 2024, the United States District Court for the Southern District of New York (the ‘Court’), in Molecular Dynamics, Ltd v Spectrum Dynamics Med, concluded it had no subject-matter jurisdiction to set aside international arbitration awards when the arbitration seat was Geneva, Switzerland. The Court also held that the parties to the arbitration could not, through their agreement, broaden the Court’s powers beyond the limits prescribed by the New York Convention. See News Analysis: Secondary jurisdiction courts under the New York Convention cannot be empowered to vacate arbitration awards, written by David L Earnest, partner at Diamond McCarthy LLP...

In this issue: Residential tenancies Repairing obligations and dilapidations Enforcing security and property insolvency Disputes and remedies Key developments and horizon scanning Additional Property Disputes updates LexTalk® Property Disputes: a Lexis®Nexis community Daily and weekly news alerts Dates for your diary Residential tenancies An end to unmeritorious tenancy deposit claims (Lowe v The Governors of Sutton’s Hospital in Charterhouse) The Court of Appeal in Lowe v The Governors of Sutton’s Hospital in Charterhouse [2025] EWCA Civ 857 upheld the refusal of a substantial claim under the tenancy deposit regime. The central question was whether a prescribed information certificate that, first, contained a mistake and, second, lacked a signature nevertheless complied with section 213 of the Housing Act 2004 (HA 2004) and the related 2007 Order. Applying the Mannai principle and adopting a purposive reading of the statutory scheme, the court held that the certificate was sufficient to meet those requirements. This...

In this issue: Employment Rights Act 2025 Employment contract Whistleblowing Health and safety Data protection and employee information TUPE and asset purchases New and updated content Dates for your diary Trackers Employment resources on Lexis+® LexTalk®Employment: a Lexis®Nexis community Daily and weekly news alerts HMRC updates National Minimum Wage Manual for ERA 2025 HMRC has revised its National Minimum Wage Manual to align with amendments introduced by Part 5 of the Employment Rights Act 2025 (ERA 2025). Eighteen pages have been updated, covering: particular occupations and priority groups (gangmaster-supplied labour and migrant workers) records, evidential requirements, enforcement powers and offences steps to follow once a Notice of Underpayment is issued, including where an employer files an appeal disclosure of National Minimum Wage details to the Fair Work Agency (FWA) For a concise overview of the changes, see: Updates: National Minimum Wage Manual...

This Resource Note summarises the key provisions in Chapter 5 of the Disclosure Guidance and Transparency Rules (DTR 5). It addresses the reporting duties of holders and issuers of interests in voting rights in an issuer whose shares are admitted to trading on a regulated or prescribed market in the United Kingdom. It signposts relevant commentary, analysis and resources to aid interpretation and provide practical guidance on applying DTR 5. Setting the scene Where relevant, the materials referenced include: the Financial Conduct Authority (FCA) Handbook FCA Guidance in the FCA Knowledge Base—Procedural notes and Technical notes (which constitute formal guidance and bind the FCA) FCA consultation papers, discussion papers, policy statements, feedback statements and warnings Primary Market Bulletins and other FCA publications former UKLA technical and procedural notes and the UKLA’s newsletter List!, where still relevant to interpreting or applying a provision assimilated EU legislation EU Directives and EU Regulations, where still pertinent to construing a provision materials...

This concise guide outlines practical details on the disclosures a company must make concerning changes to total voting rights and share capital under chapter 5 of the Disclosure Guidance and Transparency Rules (DTR 5). These disclosures help shareholders work out the percentage of voting rights they hold in the company for the purposes of notifications required under DTR 5, and they support transparency over the ownership of companies to which the rules apply. For additional information on company and shareholder notification obligations under DTR 5, see Practice Note: Continuing obligations—vote holder and issuer notification rules (DTR 5). Which companies are required to make total voting rights announcements under DTR 5 Under DTR 5, the following companies must make public announcements about changes in total voting rights and share capital: a company with shares admitted to trading on a UK regulated market, which includes the London Stock Exchange’s Main Market and the AQSE Main Market; and a UK company with shares admitted to trading on...

ARCHIVED: This Practice Note has been archived and is no longer maintained. Background When the Energy Act 2013 (EA 2013) took effect, and to some extent still today, the UK was grappling with significant issues across its electricity system. These encompassed: developing low-carbon generation capacity to hit net zero carbon goals (as prescribed under the Climate Change Act 2008, as amended by the Climate Change Act 2008 (2050 Target Amendment) Order 2019, SI 2019/1056) replacing power plants approaching the end of their operational lives modernising grid infrastructure to cope with a higher share of intermittent and inflexible generation (for example wind and nuclear respectively, in contrast to conventional and responsive sources such as coal-fired turbines) and a growing population delivering gains in energy efficiency, notably within older, inefficient building stock, to help restrain energy demand Total investment in power infrastructure was estimated at £110bn by 2020. To achieve these objectives, particularly on the supply side of the market, the...