Retail schemes meaning

In this issue: UK mergers UK antitrust UK subsidy control UK competition policy EU antitrust EU mergers EU State aid EU market studies New and updated content Daily and weekly news alerts Caselex UK mergers Government consults on further changes to the draft Enterprise Act 2002 (Mergers Involving Newspaper Enterprises and Foreign Powers) (No 2) Regulations The Department for Culture, Media and Sport (DCMS) has published a consultation on proposed further amendments to the Enterprise Act 2002 (Mergers Involving Newspaper Enterprises and Foreign Powers) Regulations 2025 (the Regulations). Through changes to the Enterprise Act 2002, the Digital Markets, Competition and Consumers Act 2024 introduced a foreign state intervention (FSI) regime for newspapers and periodic news magazines, preventing foreign state ownership, control, or influence over these publications. The Regulations carry forward the government’s decision to provide narrow exemptions to the FSI framework. Under the proposals, defined state-owned investors (SOIs) could hold up to...

In this issue: Banking and Finance case round-up Lending Security Debt capital markets Derivatives Regulation for derivatives lawyers Securitisation and structured products Restructuring Technology in banking & finance transactions Regulation for banking lawyers Scotland Daily and weekly news alerts New and updated content Useful information Banking and Finance case round-up Banking & Finance—November 2024 case round-up For a summary of the cases we flagged in Banking & Finance during October 2024, refer to News Analysis: Banking & Finance—November 2024 case round-up. Lending Re KRF Services (UK) Ltd [2024] EWHC 2978 (Ch) The judgment addressed a High Court application for an administration order, heard in that court, and centred on two key points of interest: (i) whether the sole director’s resolution to seek an administration order was effective; and (ii) the effect of the sanctions regime. On the first question, the court examined the company’s unamended Model...

In this issue: Prudential requirements Financial crime and sanctions Complaints, compensation and claims management Investigations, enforcement and discipline Regulation of capital markets Sustainable finance and ESG Banks and mutuals Investment funds and asset management UK MiFID II Consumer credit, mortgage and home finance Regulation of insurance FSMA regulated pensions activity Payment services and systems Financial Services Enforcement Database Daily and weekly news alerts Intraday news alerts New and updated content Dates for your diary Prudential requirements COREPER asked to endorse agreement on CCP concentration risk treatment After the European Parliament adopted, in April 2024, a proposal for a directive of the Parliament and the Council to amend Directive 2009/65/EC (UCITS), Directive 2013/36/EU (CRD IV) and the Investment Firms Directive (EU) 2019/2034 (IFD), the Council of the EU’s General Secretariat released an ‘I/A’ Item Note inviting the Council’s Permanent Representatives Committee (COREPER) to confirm its agreement...

Background and introduction to SEPA After the euro was introduced in 11 EU countries in 1999, it became evident that domestic and cross-border retail payment services did not deliver comparable service levels. In September 1999, the European Central Bank (ECB) issued a report on enhancing cross-border retail payment services (the ECB 1999 Report). The report recognised that cross-border credit transfers within the euro area lagged significantly behind domestic credit transfers, even though a single currency environment called for a Single European Payment Area (SEPA). To initiate the debate and send a clear signal to the banking and payment systems industry, the Eurosystem (consisting of the ECB and the national central banks of countries that had adopted the euro) set out seven objectives for the industry to meet: Improved systems/services to be in place by 1 January 2002 Place priority on cross-border credit transfers Substantially lower the price of cross-border credit transfers Ensure settlement times are comparable for domestic and cross-border payments As...

Property development sits at the heart of what everyone in the real estate industry does, from dedicated developers to owners improving their own investment assets. Projects may span light refurbishment and significant remodelling right through to ground‑up builds. Participants are mainly taxed under the ordinary regime, although certain rules are tailored specifically to development. Schemes may deliver commercial premises, dwellings, or mixed‑use outcomes, for example flats above shopfronts at pavement level. Many of the issues overlap across commercial and residential schemes, though material distinctions also arise. Any project must address indirect taxes alongside direct tax questions. This Practice Note examines direct tax matters that arise specifically on commercial land development. Its focus is the position of landowners developing their own sites, rather than contractors delivering works without a proprietary stake in the land. It also encompasses investors enhancing their holdings as well as specialist developers operating across the market. Work may comprise modest upgrades, extensive alterations, or the creation of entirely new structures. In broad terms the mainstream tax regime...

This tracker has been archived and does not reflect events occurring after 19 November 2025 On 9 December 2022, via Written Statement UIN HCWS425, the chancellor of the exchequer, Jeremy Hunt, introduced a package of proposals for UK financial services, collectively called the Edinburgh Reforms. For top-level detail, see: UK government unveils ‘Edinburgh Reforms’ package for financial services LNB News 09/12/2022 67; 7 areas to look out for in the Edinburgh Reforms package; and News Analysis: The Mansion House speech 2023—pensions aspects. Also consult Video analysis—The Edinburgh Reforms—in which Brian McDonnell, Partner at McDonnell Ellis LLP, summarises the principal considerations and their impact on the financial services industry. On 10 July 2023, in his Mansion House speech, Jeremy Hunt set out the government’s intended changes to the financial services sector, including: amendments to the prospectus regime to encourage firms to expand and list in the UK delivery of a smarter, more agile regulatory framework digitisation and the future of payments reform of...