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Platform due diligence: FCA publishes Supervisory Notice imposing requirements on London Court Limited
The FCA has published a First Supervisory Notice imposing restrictions on the activities of London Court Limited for failings relating to...
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Burges Salmon blog Archive
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New public procurement thresholds to apply from 1 January 2024
Revised public procurement thresholds to be applied from 1 January 2024
From 1 January 2024, the Public Procurement (Agreement on...
Bonus cap scrapped!
In a joint policy statement published on 24 October, the FCA and PRA have confirmed that they are removing the existing maximum limit on...
Public M&A Update: Restrictions on Frustrating Action and Invoking Conditions & Pre-Conditions (October 2023)
Rule 21: Restrictions on Frustrating Action
The Panel issued PS 2023/11 on 27 October 2023 confirming the publication of RS 2023/1, which...
The UK Online Safety Bill receives Royal Assent
After almost four years of significant debate and media discussion in the UK, The Online Safety Act (“OSA”) is now officially law, having...
FCA speech on updating and improving the UK asset management regime
FCA Chair Ashley Alder spoke earlier this month at the Investment Association’s annual dinner about the regulator’s priorities for...
Greenhouse gas emissions reporting to become mandatory for more UK businesses? (authored by Sophie Dicks)
Call for Evidence: reporting on Scope 3 greenhouse gas emissions
On 19 October 2023, the Department for Energy Security and Net Zero...
High-Street Rental Auctions: here to stay?
The Levelling-up and Regeneration Bill received Royal Assent yesterday - as such, a major new piece of legislation has now entered the...
The Rural Poll - Part 1: The Big Picture
We were delighted to be speaking at An Evening with Burges Salmon on 9 October 2023, organised by Surveyors RECAP, a non-profit...
New Public Charge Point Regulations approved
MPs have now approved the Public Charge Point Regulations 2023, which aim to improve the charging experience for EV drivers...
Thoughts on the Westminster Forum water pollution event
I was delighted to be a panellist at yesterday's Westminster Energy, Environment and Transport Forum on “Next Steps for Tackling Water...
Big changes for Companies House
The Economic Crime and Corporate Transparency Act 2023 is now on the statute books. The Act brings about some of the most significant...
OECD paper on initial policy considerations for Generative Artificial Intelligence
On the 18th September 2023, the Organisation for Economic Co-operation and Development (OECD) published its paper on Initial policy...
AI Safety Summit: What to Expect
As artificial intelligence (AI) technology advances at an increasingly rapid pace, so do calls for its regulation.
This year,...
Updated regulatory guidance on Regulated Apportionment Arrangements (RAAs)
Important reading for trustees and employers of defined benefit (DB) schemes in distress scenarios. The Pensions Regulator (TPR)...
Residential Tenancy Reform - the long grass
The Renters Reform Bill looks to have been hit into the long grass, and will not be enacted before the next election. For our...
Case Report: R. (on the application of Northumbrian Water Ltd) v Water Services Regulation Authority
In a recent decision, the High Court dismissed Northumbrian Water Ltd’s (“NWL”) application for judicial review of Ofwat's decision to...
’A New Deal for Working People’: what would a Labour government mean for employers?
Assuming the pollsters and pundits are right, within the next twelve months or so, a new Labour government will be settling into their...
Burges Salmon Pensions Team at the PLSA Annual Conference 2023
This week, the Burges Salmon Pensions Team returned once again to the Pensions and Lifetime Savings Association Annual Conference in...
ESG: Biodiversity and nature risks for pension schemes
Written by Sophie Kirk and Luke Parry-Billings of the Burges Salmon Pensions Team
While climate risk has increasingly been at the top of...
AI and Financial Services – where are we?
Post written by Harvey Spencer, Trainee Solicitor, Funds & Financial Regulation
In recent months the FCA has on a number of occasions...
Can preventative measures cure soaring sickness rates?
If there is an HR person in the land who hasn’t got a sickness absence issue on their ‘to do’ list, I’d like to meet them and shake their...
Making "Mental Health First Aid" effective
17 October 2023 marks Burges Salmon’s internal “Wellbeing Day”. In addition to various mental health initiatives, it gives us time to...
Stone cold ARGA?
Yesterday, 16 October 2023, the Government announced that it had decided to withdraw the Companies (Strategic Report and Directors’...
Residential tenancy reform - pressing ahead or slowing down?
The Renters Reform Bill is being watched closely by a lot of interested parties. For the potential impact of this radical change, see
Building Safety: New building safety regime is now live
The final elements of the new building safety regime introduced by the Building Safety Act 2022 ("BSA") came in to force on 1 October...
What if the next Government abolishes APR for landlords?
Eagle eyed readers of The Times will have noticed an article on 28 September reporting that Labour is “targeting tax breaks on...
Ban on certain single-use plastics comes into force
Regulations that ban businesses from supplying a range of single-use plastic items in England (as discussed in our earlier article Ban on...
Final status report published by the Task Force on Climate-related Financial Disclosures
On 12 October 2023, the sixth and final status report was published by the Task Force on Climate-related Financial Disclosures.
Overview
EMI: HMRC Update
HMRC has recently updated its guidance in respect of three EMI qualification criteria: the gross assets test (currently £30m), the...
NSIP Reforms: Key Milestones to be Aware of
As set out in our Legal Update, the Government’s consultation on reforms to the National Significant Infrastructure Project (“NSIP”)...
ICO issues preliminary enforcement notice against Snap over AI Chatbot
The Information Commissioner’s Office recently announced that it had issued Snap, Inc and Snap Group Limited (Snap) with a preliminary...
Public sector use of AI: guidance on use of foundation models
The Ada Lovelace Institute has recently published a policy briefing setting out key considerations for the deployment of foundation...
Digital Takeover Code
Yesterday, 11 October 2023, the UK Takeover Panel launched a digital version of the UK Takeover Code. See Digital Takeover Code.
The...
Sustainability-linked loans in the leveraged market: LMA and ELFA update best practice guide
Signalling another positive step towards the development of a consistent market approach, the Loan Market Association (LMA) and the...
Kit-astrophe! Aston Villa Football Club face dilemma over this season’s new home kit
While many may lament the prominence of the so-called 'big six' in the English Premier League (EPL), it pales next to the 'big-four' kit...
UK Finance publishes response to UK Government White Paper on AI Regulation
UK Finance has responded to the UK White Paper: “A pro-innovation approach to AI regulation”.
UK Finance is a trade body representing “the...
DHSC to introduce NHS Provider Selection Regime to Parliament on 19 October and to come into force in January 2024
We have previously reported on the impending introduction of the NHS Provider Selection Regime, which will provide a new regime for the...
The new Net Zero strategy – does it put the EV roll-out into reverse gear?
The UK Government last week announced that – together with some other changes to the Net Zero goalposts – the ban on new diesel and...
The EV journey: Considering the environmental impact from production to disposal
We recently attended the Cenex-LCV event, where a programme of seminars looked at the “What Next?” questions for technology and market...
New £30m fund for NHS medical technology
The Government has announced £30 million funding to support the development and roll-out of innovative medical technology for the NHS.
Planning for a solar scheme on grade 1 agricultural land
There has been a very interesting decision by a PINS Inspector on a co-located solar and battery energy storage system (BESS) scheme...
Heavy political weather
I call it performance art, but my friend Ariel calls it wasting time. History will decide.
Like an aircraft taking off in the...
Cyber Threat to UK’s Critical National Infrastructure: House of Commons Committee Inquiry
The cross-bench Science and Technology Committee (SITC) has launched an inquiry into the cyber resilience of the UK's critical national...
The UK Government Announces New UK-US Data Bridge
On 21 September 2023, the UK Government announced its decision to establish the UK-US Data Bridge (the “Data Bridge”), also known as the...
Are you listening?
I read this article about ‘listening’ in HR Magazine with real interest. As a firm, we have always been proud of our culture and our...
Green Industry Jobs and Supply Chain- some observations
There has been a big focus in recent weeks on the impact of some Net Zero announcements on the potential growth in green jobs within the...
TPR issues first climate change reporting fine for failure to publish TCFD report
The Pensions Regulator (tPR) has issued its first climate change reporting fine (amounting to £5,000) against the trustee of the...
FCA publishes platform portfolio letter
For more news and insight in to financial services regulation, subscribe to our monthly newsletter here.
On 28th September, the FCA...
What next for BNG?
Conservationists and anyone, like me, who is passionate about the environment and wildlife, will have found much of the press coverage of...
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