Simplified procedure meaning

STOP PRESS: This document is currently being updated to take account of the full implementation of the Data (Use and Access) Act 2025 (DUAA 2025), which amends both the UK GDPR and the Data Protection Act 2018. For further guidance on the compliance consequences of DUAA 2025, see Practice Note: Data (Use and Access) Act 2025—compliance implications. The UK General Data Protection Regulation (UK GDPR) grants data subjects several rights, including, among others: access to their personal data rectification erasure restriction of processing data portability a right of data subjects Individuals may ask an organisation at any time of their choosing to exercise one or more of these rights, and strict time limits and deadlines apply to responding to such requests promptly. See Practice Note: How to handle data subject requests. This Flowchart sets out a process for dealing with data subject requests made under the UK GDPR and reflects the requirements in the UK GDPR together...

STOP PRESS: This document is being updated to reflect the implementation of the Data (Use and Access) Act 2025 (DUAA 2025), which amends the UK GDPR and the Data Protection Act 2018. For more guidance on the compliance implications of DUAA 2025, see Practice Note: Data (Use and Access) Act 2025—compliance implications. This document reflects the UK GDPR regime. All references and links to the GDPR refer to the UK GDPR (Assimilated Regulation (EU) 2016/679) unless expressly stated otherwise. The UK General Data Protection Regulation (UK GDPR) confers on data subjects a number of rights, including providing the right to restrict the processing of personal data. Individuals may submit a request to an organisation to exercise this right in particular circumstances. It is not, however, an absolute right. There are strict time limits for complying with such requests made. See Practice Notes: Rights of data subjects How to handle data subject requests This flowchart resource sets out a process for assessing...

Except where an exemption or relief is available, payments of yearly interest that have a UK source (including amounts that tax legislation treats as payments of yearly interest) must be made under deduction, with the payer required to account to HMRC for an amount in respect of UK income tax at the basic rate (20%) or, from 6 April 2027, at the savings basic rate (22%). Although often called a withholding tax, it is in fact simply a means, in practice, of collecting UK income tax. While the tax is imposed on the interest received by the non-UK beneficial owner, it is recovered from the UK-based payer of the interest. For further detail, see Practice Notes: UK withholding tax on yearly interest and Exemptions and reliefs from UK withholding tax on yearly interest. This Flowchart assists in determining whether the quoted eurobond exemption applies to a payment of interest, so that the payer need not withhold UK income tax from that payment in question. For more information on the quoted...

Mergers The Commission has authorised Gala Investment SAS and ICG plc to take joint control of Magellan Partners (M.12095) following a phase I investigation—see further, Midday Express The Commission has received an official notification for Banca CF+/Banca Sistema (M.12102) under the simplified merger procedure NOTE—For all current merger investigations before the Commission, see further, EU mergers—ongoing cases tracker State aid Applying EU State aid rules, the Commission has approved an amendment to a German renewable energy scheme first approved in December 2022, increasing the budget for the biomass and biogas support scheme by €7.9bn—see further, Midday Express NOTE—For all active State aid decisions and ongoing formal State aid investigations, see further, EU State aid decisions—ongoing cases tracker Upcoming dates For the full timetable of forthcoming EU competition developments, see further, EU Competition calendar...

Mergers The Commission approved the takeover giving exclusive control of Gimv by WorkxInvest NV (M.11450) following a phase I review—see further Midday Express. The Commission was notified of Hydro Energi/Miracl/Rein JV (M.11388) under the simplified merger procedure. Note—For all live merger investigations before the Commission, see further the EU mergers—ongoing cases tracker...

Mergers Following a phase I investigation, the Commission approved the formation of a joint venture between STRABAG AG and Becker Umweltdienste GmbH (M.11790)—see further, Midday Express. The Commission received notifications for: General Atlantic/PSG/Hostaway (M.11864) (simplified merger procedure) Eichler Consulting/Maximilian Aicher/Evelyne Maria Aicher/Wolfgang Reitzle/Telchar Investments/RMH Production (M.11842) (simplified merger procedure) Ares/GCP (M.11787) (simplified merger procedure) Note—For ongoing merger investigations before the Commission, see the EU mergers—ongoing cases tracker. State aid The Court of Justice held a hearing in Case C‑632/23 Commission v Bulgaria (Échanges de terrains forestiers II), an action brought by the Commission against Bulgaria for failing to comply with Decision SA.26212 concerning aid granted to private forest owners—see further, application. Note—For all live State aid appeals before the Court of Justice, see the Court of Justice State aid appeals—ongoing cases tracker. Upcoming dates For dates of forthcoming EU competition developments, see...

In recent weeks, authorities have unveiled reduced notification thresholds in the UK for additional markets touching on national security, parallel reductions in Zimbabwe, the commencement of the new simplified notification procedure in the Republic of Ireland, and a return in Guernsey and Jersey to separate competition authorities. UK—revised notification thresholds for additional national security sectors to be introduced The UK intends to amend the notification thresholds for certain further sectors with national security implications, specifically the development, production or research of: artificial intelligence cryptographic authentication advanced materials For these sectors alone, the 25% share of supply threshold will be modified so that it can be satisfied solely by the target’s activities, and the alternative target turnover threshold will be lowered to £1m (from £70m). The amendments are expected to take effect within the next two to three months. The UK government has also introduced a power to intervene on public interest grounds in relation to transactions that affect the...

ARCHIVED: This Practice Note has been archived and is not maintained. It is for background information only. The Financial Industry Regulatory Authority (FINRA) is an independent regulator for the US securities sector. It operates the industry’s largest forum for resolving disputes, addressing financial and commercial disagreements involving investors, brokerage firms and individual brokers, as well as conflicts within and between brokerage firms and brokers. These matters are determined through FINRA’s own arbitration process. FINRA has two Codes of Arbitration Procedure: the Code of Arbitration Procedure for Customer Disputes (the Customer Code or Section 12000 of the FINRA Rules)—governing arbitration between investors and industry participants the Code of Arbitration Procedure for Industry Disputes (the Industry Code or Section 13000 of the FINRA Rules)—governing arbitration between industry participants This note deals solely with the Industry Code. For details on the arbitral panel under the Customer Code, see Practice Note: FINRA—simplified arbitration proceedings and injunctive relief under the Customer Code and the Industry Code...

This monthly round-up (May 2022) reports that amendments to China’s Anti-Monopoly Law—covering, among other things, revisions to the merger control regime—have been enacted. It also notes a fresh consultation on additional proposed changes to China’s merger control thresholds, the publication of a draft bill in Finland to lower thresholds, the introduction of updated notification thresholds in Kosovo, and the resumption of Ukraine’s merger control review... EU—Commission launches consultation on proposed plans to streamline merger control procedures for non-problematic mergers On 6 May 2022, the Commission opened a consultation on a draft updated Merger Implementing Regulation (plus the notification forms: Form CO, Short Form CO, Form RS and Form RM) and a draft updated Notice on Simplified Procedure. Broaden and clarify the types of cases eligible for the simplified route Add refined safeguards so matters meriting deeper scrutiny do not proceed under the simplified route Secure effective and proportionate information collection by introducing a new tick-the-box notification form for simplified filings Speed up...

Precedent report This Precedent report serves to alert a client, or another area of the business, to anti‑counterfeiting issues and related matters. It may cover detentions by customs authorities pursuant to the simplified procedure set out in Assimilated Regulation (EU) 608/2013, and detentions by the Chartered Institute of Trading Standards (‘Trading Standards’) or the police, as well as other discoveries of counterfeit goods. Its aim is to simplify the process of obtaining instructions on whether any detained or discovered good is counterfeit. It is regularly employed to handle relatively low‑value, time‑sensitive detentions or discoveries in practice...