SEPA meaning

EU financial services developments EIOPA seeks views on potential integrated insurance data collection system The European Insurance and Occupational Pensions Authority (EIOPA) is inviting stakeholder input on inefficiencies, duplication and inconsistencies in regulatory reporting and disclosure duties, together with proposals to remedy them. Comments are requested by 10 June 2026, after which EIOPA will present a final report to the European Commission. In line with the amended Solvency II Directive, EIOPA has been tasked with preparing advice on measures for an integrated data collection framework covering Europe’s insurance and occupational pensions sectors. The discussion paper sets out the current reporting landscape for insurers and institutions for occupational retirement provision (IORPs), and considers options to streamline and harmonise reporting requirements...

In this issue: Air emissions and climate change Brexit Contamination and pollution Energy efficiency and buildings Energy for environmental lawyers Environmental assessment Environmental enforcement and prosecutions Environmental information ESG and sustainability Marine Nature, biodiversity and habitat conservation Water, flooding and drainage Daily and weekly news alerts New and updated content Trackers Useful information Air emissions and climate change EA issues five guides on monitoring ambient air. The Environment Agency has released five guidance documents covering approaches to ambient air monitoring. See: LNB News 10/09/2024 17. NSTA releases 2024 Emissions Monitoring Report. The North Sea Transition Authority reports a 28% fall in production emissions across the UK’s upstream oil and gas sector between 2018 and 2023, with half of the cuts delivered through targeted emissions reduction actions. Despite the drop, emissions intensity—greenhouse gases per barrel produced—is expected to have risen due to lower output. See: LNB...

In this issue: Investigating criminal conduct Criminal procedure and evidence Bribery, corruption, sanctions and export controls Consumer protection and cartels Cybercrime and data protection offences Environmental offences Financial services and pensions offences Fraud, forgery, tax and theft offences Health and safety and corporate manslaughter offences Insolvency offences and Companies Act offences Local authority prosecutions Money laundering Corporate Crime in Scotland International Daily and weekly news alerts New and updated content Dates for your diary Trackers Useful information Investigating criminal conduct UK fraud watchdog backs broader powers to compel company information from firms Proposals allowing investigators to demand company information before they are formally under investigation have been endorsed by the UK’s anti-fraud authority, which has welcomed these wider powers. See News Analysis: UK fraud agency welcomes wider powers to force information from companies. Criminal procedure and evidence Post Office Horizon prosecutions ...

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...

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...

Introduction Environmental permitting is among the principal environmental regulatory frameworks in the UK. Its purpose is to oversee and limit pollution and emissions into the environment arising from industrial and other operations across the UK. It forms a central strand of UK business regulation, created to manage and oversee activities that could pollute the environment or pose risks to human health. Permits place a suite of conditions on the design and build, running and, in due course, closure of a regulated installation, as well as stipulating how regulated activities are undertaken. The main regulators are the Environment Agency (EA) in England, Natural Resources Body for Wales (NRW), the Scottish Environment Protection Agency (SEPA) and the Northern Ireland Environment Agency (NIEA). Local authorities likewise regulate the less polluting processes and sites. The lead government departments/bodies (the appropriate authorities) are the Department for Environment, Food and Rural Affairs (Defra) for England together with the Secretary of State for Environment, Food and Rural Affairs (the Secretary of State); Welsh Ministers; Scottish Ministers;...