Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

COL definition

What does COL mean? In nuclear project work, COL means a US Nuclear Regulatory Commission Combined License that authorises construction of a new reactor and, once pre-operational conditions are met, its operation. It is a defined US regulatory instrument under 10 CFR Part 52, combining what were historically separate construction permits and operating licences. A COL typically incorporates design certification references and site-specific Inspections, Tests, Analyses and Acceptance Criteria (ITAAC) that must be satisfied before fuel load. For UK and Irish practitioners, COL is encountered in cross-border M&A, project finance, due diligence and contracts involving US new nuclear build. It does not exist in...

TCFD regime for UK occupational pension schemes: governance, reporting, scope thresholds, Paris alignment metrics, trustee training, employer covenant and enforcement

Published by a LexisNexis Pensions expert

Practice notes

FORTHCOMING CHANGE :

On 1 September 2022, the DLUHC opened a consultation proposing fresh obligations for the LGPS to oversee and publish climate-related risks, including the carbon emissions associated with its investments. As the UK’s largest public sector pension arrangement, the LGPS serves 6.2 million members and holds £342bn of assets worldwide. The government’s plans would require administering authorities to measure their carbon footprint, evaluate how climate change may influence pension assets and liabilities, and provide an annual report on the extent to which holdings align with the 2015 Paris Agreement, the global climate treaty adopted by much of the world. The initiative aims to strengthen the management of climate-related financial risk and to bring the LGPS into line with rules already applied to private pension schemes. The package seeks to give effect to the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). The consultation closed in November 2022 and a formal response is awaited. For more detail, see News Analysis: Law360. This Practice Note concentrates on climate change disclosure duties placed on pension schemes, according to scheme type and size...

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Web page updated on 22/05/2026

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