Recast Regulation meaning

This timeline charts activity from 1 January 2024 onwards concerning the EU-facing legal and supervisory frameworks for anti-money laundering (AML), counter-terrorist financing (CTF) and counter‑proliferation financing (CPF) within the financial services sector. It traces both milestones and roll-out of the European AML, CTF and CPF rulebook. It also tracks cross-border initiatives in AML/CTF/CPF from the Financial Action Task Force (FATF), Basel Committee on Banking Supervision (BCBS), International Association of Insurance Supervisors (IAIS), IOSCO, the Egmont Group of Financial Intelligence Units (FIUs) and the Wolfsberg Group. For added detail on the EU AML/CTF regime, consult the Financial crime and sanctions (EU Law)—overview, including Practice Notes on AMLA—direct oversight of qualifying financial services firms, the EU Sixth Money Laundering Directive (MLD6) and the EU Recast Second Wire Transfer Regulation (Recast WTR2) on cryptoasset transfers... 2026 16 March 2026 — AMLA — AMLA starts a data collection exercise to test risk assessment models. AMLA has issued the reporting package for this data collection and testing exercise...

This Checklist offers guidance on how to determine whether an Irish court has jurisdiction to deal with the specific civil dispute. This Checklist explains how to assess jurisdiction for a particular civil dispute in Ireland. In doing so, it reviews the regimes under Brussels I (recast), the Lugano Convention and the Hague Convention on Choice of Court Agreements. It sets out a high-level overview to help decide whether proceedings ought properly to be brought in Ireland. For guidance on: the particular court in which to issue proceedings, see Practice Note: Ireland-Starting a civil action pre-action considerations before pursuing a civil claim in an Irish court, and the steps to commence and advance a claim in Ireland, see Practice Notes: Ireland-Starting a civil action and Ireland-Pre-action conduct; and for initiating and case managing a civil claim, see Ireland-Progressing and managing a High Court civil claim further elements of Irish civil litigation, see: Ireland-Alternative dispute resolution and settlement-overview, which links to detailed guidance on specific...

ARCHIVED This Checklist is archived and is not maintained or updated. It considers how UK courts would apply Regulation (EU) 1215/2012, Brussels I (recast)—which concerns the allocation of court jurisdiction for civil and commercial matters—if the UK were to leave the EU on exit day without a deal, the so‑called ‘no deal Brexit’ scenario. ‘Exit day’ has the meaning given by section 20 of the European Union (Withdrawal) Act 2018. The Checklist reviews the Regulation’s jurisdictional articles and evaluates whether the UK courts will apply them and, if so, in what way. The outcome varies depending on whether proceedings are started before exit day (with the jurisdictional issue decided afterwards) or initiated after exit day. The principal UK instrument is the Civil Jurisdiction and Judgments (Amendment) (EU Exit) Regulations 2019, SI 2019/479. Coming into force on exit day, it includes a range of savings provisions and modifications to Regulation (EU) 1215/2012, Brussels I (recast), alongside amendment and revocation of specified UK and EU legislation. For details of the legislation...

In this issue: Key developments and materials Electricity and gas market regulation and licensing Networks and network connections Conventional power, waste to energy, biomass, and CHP projects Nuclear energy Air emissions, efficiency, and climate change International energy Daily and weekly news alerts New and updated content Dates for your diary Trackers Key developments and materials Friends of the Earth has won a pivotal High Court judgment against the government, with the court ruling that the climate strategy advanced by the Secretary of State for Energy Security and Net Zero is unlawful. The court determined that adopting the Carbon Budget Delivery Plan contravened the Climate Change Act 2008. See: LNB News 03/05/2024 70. Electricity and gas market regulation and licensing Ofgem has released its conclusions on the consultation regarding updates to the licence fee cost recovery principles (LFCRP) and issued the LFCRP for May 2024. After reviewing consultees’ submissions, Ofgem confirmed it...

Petrofac Ltd [2025] EWHC 2887 (Ch) What was the background? Petrofac Ltd (the Company) is a Jersey-incorporated entity, headquartered in London, that functions as the holding company of the Petrofac Group. Its operations comprise owning shares in subsidiaries, delivering management services, and making loans to other Petrofac Group members. Confronted with financial difficulties, in late 2024 the Company promoted a restructuring plan under Part 26A of the Companies Act 2006 (the Part 26A plan). Although sanctioned at first instance, dissenting creditors appealed and the Court of Appeal set aside the sanction order. In the wake of that ruling, the Company assessed the feasibility of a business disposal or raising further capital, which evolved into a proposal for senior creditors to acquire the business via a pre-pack administration. Those workstreams progressed in tandem with an application for permission to appeal to the Supreme Court; permission was ultimately refused on the basis that the Company had reached an agreement in principle on an alternative restructuring proposal. The landscape then changed...

In this issue: UK NSI 2021 EU antitrust EU competition policy EU State aid LexTalk®Competition: a Lexis®Nexis community Daily and weekly news alerts New and updated content Caselex UK NSI 2021 High Court refuses application for interim relief by FTDI Holding regarding national security order to sell its shares in Future Technology Devices International Limited The High Court has handed down its judgment in FTDI Holding Ltd v Chancellor of the Duchy of Lancaster, arising from FTDI Holding Ltd’s attempt to obtain interim relief against the defendant’s direction requiring it to divest its 80.2% interest in Future Technology Devices International Limited (FTDI). The proceedings addressed FTDI Holding’s request to pause enforcement of that order. The court declined to grant the interim relief sought. Background On 5 November 2024, following a national security assessment, the Government made a final order under section 26 of the National Security and Investment Act 2021 (NSIA 2021). The...

Allocation of jurisdiction within the UK under the CJJA 1982 This Practice Note explores how jurisdiction is apportioned across the UK under the Civil Jurisdiction and Judgments Act 1982 (CJJA 1982). It examines the scope of that regime and the conditions that must be satisfied for it to apply, and considers its interaction with Regulation 1215/2012, Brussels I (recast) (the Regulation). It sets out the primary rule together with the departures from it, and, lastly, addresses forum non conveniens in this setting. The CJJA’s intra-UK jurisdiction framework is designed to furnish rules allocating jurisdiction inside the UK itself. Distinct rules and factors arise when assessing whether UK courts possess jurisdiction over a claim that contains an international dimension. The UK comprises four countries, yet there are only three legal jurisdictions, and CJJA 1982, s 50, describes each as ‘parts of the UK’. England and Wales Scotland Northern Ireland Practitioners in England engaged in cross-border disputes must be cognisant of a range...

Brexit Financial Services Legislation Status Guide This guide outlines high-level information on the status of EU laws regulating the payments sector, namely: the second Electronic Money Directive (Directive 2009/110/EC) (2EMD) the Cross-Border Payments Regulation (Regulation (EC) 924/2009) (CBPR) as amended by Regulation (EU) 2019/518 (CBPR2) the Regulation establishing technical and business requirements for credit transfers and direct debits in euro and amending the CBPR (Regulation (EU) 260/2012) (SEPA Regulation) the Payment Accounts Directive (Directive 2014/92/EU) (PAD) the recast Payment Services Directive (Directive (EU) 2015/2366) (PSD2) the Interchange Fee Regulation (Regulation (EU) 2015/751) (IFR) This Practice Note should be read alongside the following Practice Notes: Impact of Brexit: Payment services and electronic money directives—quick guide [Archived] Impact of Brexit: SEPA Regulation—quick guide [Archived] Impact of Brexit: Payment accounts—quick guide [Archived] Impact of Brexit: Interchange Fee Regulation—quick guide [Archived] During the implementation period from 1 January 2020 to 31 December 2020...

This Practice Note examines the provisions of the Civil Jurisdiction and Judgments Act 1982 (CJJA 1982) that resolve questions of international jurisdiction for employment proceedings commenced on or after 1 January 2021. For a visual summary, see: Determining jurisdiction in employment disputes (1 January 2021 onwards)—flowchart. For guidance where proceedings began on or before 31 December 2020, see: Practice Note: International jurisdiction—allocating employment cases between national courts and tribunals pre-1 January 2021 [Archived] Determining jurisdiction in employment disputes (to IP completion day)—flowchart [Archived] Background Where a common law claim is brought in the courts—such as a damages claim for breach of contract or to enforce post-termination restrictions (restrictive covenants)—jurisdiction is governed by the CJJA 1982 and the Civil Procedure Rules (CPR). These rules apply to proceedings instituted on or after 1 January 2021 and replace Retained Regulation (EU) 1215/2012, Brussels I (recast) (commonly known as the Brussels 1a Regulation), and the Lugano Convention, which applied to proceedings started before the end of...

ARCHIVED This Precedent is archived and no longer maintained. It, together with its drafting notes, may still be used for proceedings begun in the courts of England and Wales at any time, provided the related case in an EU Member State court was issued on or before 31 December 2020 and the transitional jurisdiction provisions in Articles 67 or 69 of the Withdrawal Agreement are satisfied. For guidance on whether Brussels I (recast) applies, see Practice Note: Brussels I (recast)—application to the UK post IP completion day (jurisdiction) [Archived]. Related precedents For a supporting witness statement, see Precedent: Witness statement in support of application for stay under art 30 of recast Brussels Regulation. For draft orders, see: Court order for an application to stay proceedings under art 30(1) of Brussels I (recast) or Court order for an application to stay proceedings under art 30(2) of Brussels I (recast). General points The application should be brought within the period allowed by...

ARCHIVED : This Precedent is now archived and no longer updated. This Precedent with its drafting notes may still be used in cases begun in the courts of England and Wales at any time, provided the parallel linked claim in the court of an EU Member State was started on or before 31 December 2020, and the jurisdiction provisions in Articles 67 or 69 of the Withdrawal Agreement are satisfied. Related Precedents For a template witness statement supporting the application, refer to Precedent: Witness statement in support of application for stay under Article 29 of recast Brussels Regulation. For a model order, see Precedent: Draft order for an application to stay proceedings under art 29 of Brussels I (Recast)...

Applications between EU Member State courts in civil or commercial cases for obtaining evidence are governed by Regulation (EU) 2020/1783, the Taking of Evidence Regulation (recast). For assistance on the recast, see Practice Note: Taking of Evidence Regulation (recast). Request for the taking of evidence (Article 5 of Regulation (EU) 2020/1783 on co-operation between the courts of the Member States in the taking of evidence in civil or commercial matters (Taking of Evidence Regulation (recast)). Reference No of the requesting court. Requesting court: Name Address: Street and No/PO box; Place and postcode; Country Tel.; Fax; Email Requested court: Name Address: Street and No/PO box; Place and postcode; Country Tel.; Fax; Email In the case brought by the Claimant/petitioner(s): Name Address: Street and No/PO box; Place and postcode; Country Tel.; Fax; Email...