Jurisdiction(s):
United Kingdom

Key definition

Loans definition

What does Loans mean? Loans are agreements to advance money on terms of repayment, usually with interest. In pensions practice, this covers any arrangement where occupational pension scheme assets are lent. In Great Britain, legislation defines “employer-related investments” and strictly restricts them: section 40 of the Pensions Act 1995 (mirrored in Northern Ireland legislation) and the Occupational Pension Schemes (Investment) Regulations 2005 prohibit loans to the sponsoring employer or to persons connected with, or associated with, the employer, and ban giving guarantees or security for the employer’s obligations. Other employer-related investments (such as employer shares or securities) are subject to a...

Green Loan Principles: Eligibility, Structuring and Drafting with LMA Green Loan Provisions (2024) and 2025 Updates; Reporting, Reviews and Greenwashing Risk, including RCFs and Refinancing

Published by a LexisNexis Banking & Finance expert

Practice notes

This Practice Note outlines green loans and the principal considerations when preparing a green loan agreement. It centres on the Green Loan Principles (GLP) issued by the Loan Market Association (LMA), the Asia Pacific Loan Market Association (APLMA) and the Loan Syndications and Trading Association (LSTA)...

Clarifies the meaning of a green loan
Introduces the GLP and the accompanying GLP guidance
Sets out the four core components of a green loan under the GLP and summarises the related guidance
Condenses GLP and GLP guidance on what qualifies as a green loan, on reviews, and on greenwashing risks
Provides sources for precedent wording, including the Loan Market Association draft provisions, plus drafting pointers

What is meant by a green loan?

Under the GLP, green loans encompass any form of loan instrument and/or contingent facility (for example, bonding lines, guarantee lines or letters of credit) where the proceeds, or an equivalent amount, are applied solely to fund, re-finance or guarantee, in whole or in part, new and/or existing eligible Green Projects...

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Kathryn Emmett

Slaughter and May

Kathryn is a senior knowledge lawyer in Slaughter and May’s London energy, infrastructure and natural resources team. She advises on both financing, commercial contracts and regulatory aspects of projects, with particular experience in power and renewables, as well as emerging technologies such as low carbon hydrogen, and carbon capture and storage.Kathryn's experience includes advising lenders, sponsors and governments on domestic and international project financings, as well as leading due diligence in relation to project acquisitions and investment company listings. Kathryn also advises in relation to both the support schemes for, and regulation applicable to, the British energy market, as well as reforms affecting it.Kathryn has an MSC in Energy policy and worked in-house at a United Kingdom renewable energy generation company in a dual role as part of the legal and wind energy development teams....

Katie Knight

Norton Rose Fulbright

Katie is a knowledge lawyer in Norton Rose Fulbright's London office, specialising in asset and structured finance with particular expertise in aviation finance. Within those sectors, Katie has worked on a wide range of finance and leasing transactions, involving export credit financing, cross-border structured financing, all aspects of operating and finance leases, sale and leaseback of aircraft and tax-driven structured financings. Katie has acted for a wide range of clients, including banks and financial institutions, operating lessors and airlines, as well as the European export credit agencies. She has also advised on offshore and shipping finance transactions and on the leasing of rolling stock. ...

Rosa Mottershead

Rosa is a project finance lawyer in Norton Rose Fulbright's London office, with particular experience in renewable energy projects and emerging markets, and a keen interest in sustainable finance. She trained with Norton Rose Fulbright and has over ten years' experience advising on project financings in the UK, Europe, Sub-Saharan Africa and the MENA region. She advises lenders (including multi-laterals and development finance institutions), sponsors and governments on the structuring, financing and contractual arrangements on all types of projects, ranging from small-scale solar PV projects to complex cross-border international financings....

Web page updated on 21/05/2026

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