Transferable security meaning

In this issue Security Sustainable finance Debt capital markets Derivatives Regulation for derivatives lawyers Claims and remedies Daily and weekly news alerts Updated Practice Notes Useful information Security HM Land Registry has revised Practice Guide 29—Registration of legal charges and deeds of variation of charge. An update to section 4 now explains how to remove a note recorded in the charges register pursuant to section 859H of the Companies Act 2006. See: LNB News 06/05/2025 2. Source: Registration of legal charges and deeds of variation of charge (PG29). Sustainable finance The European Commission has opened a call for evidence to review the Sustainable Finance Disclosures Regulation (EU) 2019/2088 (EU SFDR). The initiative targets unnecessary burdens by simplifying and streamlining obligations, including easing environmental, social and governance reporting for financial market participants so they can focus on information most relevant to investors. Responses are requested by 30 May 2025, and the feedback will guide...

In this issue: Budgets and Finance Bills UK taxes for Private Client HMRC Manuals updates Tax avoidance, evasion and non-compliance Family businesses and ownership structures Contentious trusts and estates Pensions, insurance and tax efficient investments International Question of the week Daily and weekly news alerts LexTalk®Private Client: a Lexis+® community New and updated content Trackers Latest Q&As Useful information Budgets and Finance Bills Finance Bill 2026 published Finance (No 2) Bill 2024–26 was released on 4 December 2025 with explanatory notes. Also known as Finance Bill 2026 (FB 2026), it was presented in the House of Commons and received its first reading on 2 December 2025. For insights into the principal Private Client measures in FB 2026, see News Analysis: Private Client—publication of Finance Bill 2026. For commentary on the key Tax provisions, see News Analysis: Tax—publication of Finance Bill 2026. For comprehensive tracking of FB 2026—covering a...

In this issue: Security Debt capital markets Derivatives Technology in banking transactions Sanctions Daily and weekly news alerts New and updated content Useful information Security Companies and Limited Liability Partnerships (Annotation) Regulations 2025 SI 2025/573 These Regulations set out particular circumstances in which the Registrar of Companies may, or must, annotate entries on the registers of information maintained pursuant to section 1080 of the Companies Act 2006 (CA 2006), commonly known as the ‘company register’. They commence in part on 9 June 2025, and in full when CA 2006, s 790LA takes effect. See: LNB News 15/05/2025 Huang v Credit Suisse (UK) Ltd [2025] EWHC 1159 (Ch) The claimants applied for summary judgment seeking rectification of the land register by removing references to particular charges secured over properties registered in their names. The court dismissed the application, concluding that the defendant bank has a realistic prospect of a successful defence at trial. The central...

This Practice Note outlines the purpose and functions of sea carriage documents in relation to the delivery of cargo, with particular attention to bills of lading and sea waybills. It explains that a bill of lading may be issued as a charterers’ bill or an owner’s bill, and that such documents operate both as evidence of the contract of carriage and as security for finance. Sea carriage documents A sea carriage document is produced to obtain release of goods, either at the port of discharge or at the nominated place of delivery, depending on the form issued by the carrier to the shipper. That document will be either: a bill of lading a sea waybill For more detail on bills of lading and sea waybills, see the Practice Note: Bills of lading and sea waybills. Bill of lading A bill of lading may be: bearer bill of lading: goods covered...

This Practice Note examines the regulatory information services regime through which an issuer (whose transferable securities are admitted to trading on a UK regulated market) must make regulated information public. It focuses on the functions of the regulatory information service (RIS) and primary information provider (PIP), and outlines the principal continuing obligations, together with the approval process and supervisory framework for a PIP. What is regulated information? Regulated information covers all information that an issuer, or any other person who has sought admission of financial instruments to trading on a regulated market without the issuer’s agreement, is required to disclose under: the Disclosure Guidance and Transparency Rules (DTR); articles 17 to 19 of Assimilated Regulation (EU) 596/2014 (UK Market Abuse Regulation); the UK Listing Rules (UKLR). This includes inside information, financial results and disclosures of trading in shares. Such information must be released in a manner that enables dissemination to the widest possible public, and as close to simultaneously as...

STOP PRESS: On 29 July 2024, a significant overhaul of the UK listing framework took effect, which included scrapping the premium and standard segments and establishing a single listing category for equity shares in commercial companies. This commercial companies category is heavily disclosure-led and sits alongside other listing categories, such as the shell companies, secondary listing and closed ended investment fund categories. A new UK Listing Rules sourcebook came into force to implement these changes, and the previous Listing Rules sourcebook was revoked. For further information, see Practice Note: Reform of the UK listing regime—fundamentals. This Practice Note reflects the listing regime prior to 29 July 2024. It relates to the admission of depositary receipts, commonly referred to as global depositary receipts (GDRs), to listing on the Official List of the Financial Conduct Authority (FCA) and to trading on the main market for listed securities of the London Stock Exchange (Main Market) (LSE). GDRs are transferable certificates issued by depositary banks that represent ownership of a specified number of...

[ insert name of property ] Executive summary [ insert a general summary of the construction documents/highlight any key areas of concern ] Building contract and related documents Save as noted below, the Building Contract, consultants’ appointments and collateral warranties broadly reflect prevailing market standards, and in particular include the following: a duty to carry out the Works/provide the Services with the reasonable skill and care of a suitably qualified professional or contractor experienced on comparable schemes; a commitment not to specify or use harmful or deleterious materials in the Works; an obligation to grant an irrevocable, royalty‑free copyright licence over all documents and materials created by the Contractor/Consultants, assignable or transferable to third parties without restriction; a requirement to maintain professional indemnity insurance covering liabilities under the Building Contract/Appointments (as relevant) at the stated level; a right to assign the benefit of the Building Contract/Appointment/collateral warranty to third parties...

DORA SCHEDULE 1 Definitions and interpretation This Schedule prevails where inconsistent, without limiting stricter Supplier duties or stronger Customer rights. Permitted Locations: Services and Customer Data handled only in agreed locations; 30 days’ written notice for any change. Customer Data: protected to Industry Practice for availability, authenticity, integrity and confidentiality; treated as confidential. Access/return: on termination, expiry or Supplier failure, data must be retrievable/transferable in accessible formats and securely erased within set times. Service Levels: meet defined KPIs/metrics; tighter targets where critical or important functions apply. ICT Incidents: notify within 24 hours; provide information and assistance for regulatory reporting. Co‑operation and compliance: fully engage with Regulatory Bodies; provide requested information; maintain LEI/EUID; attend security awareness and digital operational resilience training. Critical ICT third‑party designation: if designated and not EU‑established, create an EU subsidiary within 12 months. Termination: immediate rights for serious breaches, material risk shifts, ICT risk weaknesses, or ineffective supervision. Continuity and security: maintain and test BC/DR...