Virtual bid meaning

In this issue: New technologies Internet Media Advertising, marketing and sponsorship Data protection Telecommunications LexTalk®TMT: a Lexis®Nexis community Daily and weekly news alerts New and updated content Dates for your diary Trackers Useful information New technologies Council of Europe AI Committee finalises AI, HR, Democracy and Rule of Law Framework Convention The Council of Europe Committee on Artificial Intelligence (AI) has completed the Framework Convention on AI, Human Rights (HR), Democracy and the Rule of the Law. Secretary General Marija Pejčinović Burić noted that this first‑of‑its‑kind treaty is intended to ensure the development of AI aligns with Council of Europe legal standards on human rights, democracy and the rule of the law. The draft will now be sent to the Committee of Ministers for adoption and will be opened for signature at a later stage. See: LNB News 15/03/2024 32. European Commission and ERA countries release responsible use of AI...

In this issue: UK, EU and international regulators and bodies Authorisation, approval and supervision Prudential requirements Risk management and controls Operational resilience Investigations, enforcement and discipline Financial crime and sanctions Regulation of capital markets Regulation of derivatives Sustainable finance and ESG Complaints, compensation and claims management Regulated activities Banks and mutuals EU MiFID II 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 Law360 reports that the Association of British Insurers (ABI) has endorsed the government’s ten‑year industrial strategy aimed at boosting business investment and fostering growth across the UK. See: ABI backs the government’s industry...

In this issue: Medical devices Pharmaceuticals—regulatory framework Borderline products Research and development Data protection and life sciences Competition in life sciences Daily and weekly news alerts New and updated content Dates for your diary Trackers Useful information Medical devices Parliament lays draft SI to enhance patient and medical devices safety The UK Parliament has laid a draft statutory instrument (SI) to implement the Medical Devices (Post-market Surveillance Requirements) (Amendment) (Great Britain) Regulations 2024, aimed at strengthening patient safety. The reforms will boost traceability of incidents and trend reporting, set out clearer, risk‑proportionate obligations to improve device safety, and introduce a new risk‑based classification model. This will enable patients to access a wider range of medical devices already approved for use in other countries. The SI proposes a six‑month lead‑in period once parliamentary procedures have finished. The regulation is expected to take effect in 2025. See: LNB News 23/10/2024 15. Legislation alert:...

Practice Note This Practice Note outlines the significant revisions made to the City Code on Takeovers and Mergers (Code) in September 2011. The reforms chiefly sought to curb perceived tactical benefits enjoyed by certain hostile (unrecommended) bidders and to refine the conduct of offers by giving fuller regard to those affected by a takeover beyond offeree shareholders, including employees and other affected parties. This Practice Note concentrates on the principal September 2011 modifications to the Code, preserving the same focus and scope. It does not address or analyse any later changes to the Code or subsequent updates. Material amendments took effect on Monday, 19 September 2011 (Implementation Date). Putting these measures into effect, through the release of a new version of the Code (the tenth edition), followed an extensive consultation exercise initiated by The Panel on Takeovers and Mergers (Panel) in response to concerns about how the Code had been operating at the time. Those concerns were brought into the public eye by the manner in which several prominent...