Strategic review announcement meaning

In this issue: UK, EU and international regulators and bodies Authorisations, approvals and oversight Prudential obligations Financial crime and sanctions Consumer protection Complaints, redress and claims management Investigations, enforcement and disciplinary matters Sustainable finance and ESG Banks and mutuals Investment funds and asset management Investment funds and asset management Insurance regulation FSMA-regulated pensions activity Regulation of AI in FS LexTalk®Financial Services: a Lexis®Nexis community Financial Services Enforcement Database Daily and weekly news alerts Intraday news alerts New and updated content Dates for your diary Latest Q&A UK, EU and international regulators and bodies Commission tables €193.26bn EU budget for 2026 to drive key priorities The European Commission has tabled its draft 2026 EU budget, fixing overall appropriations at €193.26bn, alongside an estimated €105.32bn in disbursements through NextGenerationEU. Set against ongoing geopolitical instability, the plan is designed to underpin core strategic aims, including...

In this issue: General election announced for 4 July 2024 Brexit headlines Brexit SIs Post-Brexit transition guidance Constitutional and administrative law State accountability and liability Judicial review Equality and human rights State security and intelligence Information law Subsidy control and State aid Public procurement Management and strategic planning Daily and weekly news alerts New and updated content Dates for your diary Trackers Useful information General election announced for 4 July 2024 Prime Minister Rishi Sunak sought and obtained the King’s consent to dissolve Parliament, and has set a general election for 4 July 2024. Consequently, Parliament will be prorogued on 24 May 2024 and dissolved on 30 May 2024, in line with the Dissolution and Calling of Parliament Act 2022. This analysis examines the ramifications of the announcement for bills presently before parliament, as well as the effects on government and public bodies through to the...

In this issue UK, EU and international regulators and bodies Accountability, culture and social governance Prudential requirements Operational resilience Financial crime and sanctions Consumer protection Complaints, compensation and claims management Regulation of benchmarks and IBOR reform Regulation of capital markets Dispute resolution for financial services lawyers Regulation of derivatives Sustainable finance and ESG Investment funds and asset management Consumer credit, mortgage and home finance Regulation of insurance FSMA regulated pensions activity Payment services and systems Fintech and cryptoassets Regulation of AI in FS LexTalk®Financial Services: a Lexis®Nexis community Financial Services Enforcement Database Daily and weekly news alerts Intraday news alerts New and updated content Dates for your diary UK, EU and international regulators and bodies The City is grappling with compliance as post‑Brexit rules shift. Leaving the EU opened the door for the UK to rewrite the financial services...

1. What is the applicable legislation? Uruguay lacks a broad, cross‑cutting regime for screening foreign investment. In this respect, the authorities encourage all investment, without discrimination between local and foreign investors. Nevertheless, operating in certain industries demands prior authorisation or dedicated, sector‑specific licences in order to commence activities. Additionally, some areas impose particular rules aimed at identifying the ultimate owners of the capital invested and, in some instances, require participation through a locally incorporated entity that will be subject to Uruguayan regulation. Sectors commonly needing prior authorisation include the national financial system, activities requiring environmental permitting, mobile telecommunications services and long‑distance telecommunications services. Outside the sphere of the traditional State monopolies, there appears to be no support for reserving so‑called strategic sectors solely to Uruguayan capital. Uruguayan legislation has established a legal framework to promote investments across various fields and activities. Law No 16,906 of 1998 (the Investments Law) declares as a matter of national interest the promotion and protection of investments made in Uruguay by Uruguayan and foreign...

This Resource Note summarises the key features of Rule 2 of the City Code on Takeovers and Mergers (the Code), addressing strict confidentiality obligations ahead of any announcement and both the scheduling and substance of offer announcements. It signposts pertinent materials, commentary and guidance issued by the Panel on Takeovers and Mergers (the Panel), together with Lexis+® UK commentary and tools, to provide practical insight and guidance into interpreting and applying Rule 2. Materials referenced in this Resource Note comprise the following: Practice Statements released by the Panel Executive (the body responsible for the day‑to‑day supervision and regulation of takeovers) (Executive), which offer informal guidance on how the Executive usually interprets and applies the Code Panel Statements (P/S) and Panel Instruments issued by the Panel Public Consultation Papers (PCP) and Response Statements (RS) from the Code Committee the Panel’s published Annual Reports discussing general overarching issues (Annual Reports) newsletters, together with technical and procedural notes published by the Financial Conduct Authority (FCA)...

1. What is the applicable legislation? The governing law is Law 194(I)/2025 on the Establishment of a Framework for the Screening of Foreign Direct Investments 2025 (FDI Law 2025). It gives domestic effect to the obligations under Regulation (EU) 2019/452 on foreign direct investment screening (Regulation (EU) 2019/452)... 2. Which government or other body (or bodies) reviews foreign investments? The Ministry of Finance acts as the competent authority to accept FDI notifications, carry out assessments and liaise with other departments or the EU. The review process is assisted by an inter‑ministerial Advisory Committee, with participation from the relevant ministries... 3. What is the scope of the foreign investment regime in Cyprus? Does it only apply to specific sectors or types of investors (eg foreign or non-EU / non-WTO)? Are there specific rules for certain types of investors (eg state-owned enterprises)? The regime covers foreign investors, meaning natural persons or legal entities from outside the EU, EEA or Switzerland. It applies where the investor undertakes or...