Großbritannien

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Aktuelle eAlerts

  •  
    05/02/2025
    United Kingdom

    The Department for Energy Security & Net Zero responds to the second REMA Consultation

    1. REMA Autumn UpdateAmongst the flurry of other policy announcements and consultations, DESNZ published their autumn update on the Review of Electricity Market Arrangements (REMA) in December 2024 (“Autumn Update”) together with a summary of consultation responses to the previous REMA consultation. The Autumn Update provides an update on feedback gathered from the second REMA Consultation of March 2024, and ongoing dialogue with stakeholders. This update is crucial for stakeholders as it outlines potential changes to wholesale market pricing and the Contracts for Difference (CfD) scheme,...
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  •  
    05/02/2025
    Europe

    European Commission advisory body outlines proposal for revamped Taxonomy

    On 5 February 2025, the Platform on Sustainable Finance (the “Platform”) – an advisory body to the European Commission (“EC”) – published a report setting out its recommendations to simplifying reporting under the EU Taxonomy Regulation (the “Report”).BackgroundIn March 2023, the EC gave a mandate to the Platform to help simplify and improve the effectiveness of the Taxonomy Regulation by enhancing its usability.A pivotal development in this regard is the announcement by EC President Ursula von der Leyen in November 2024 to consolidate...
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  •  
    05/02/2025
    Europe

    The ODR platform is closing - What businesses need to know

    The European Parliament and the Council have decided to shut down the EU’s Online Dispute Resolution (ODR) platform. This decision follows a comprehensive review of the platform’s performance and its cost-effectiveness, which fell below expectations. What impact will this have on your business?BackgroundThe ODR platform, which has been operational since 2016, was designed to facilitate the resolution of contractual disputes between consumers and traders arising from online transactions. Since its inception, online sellers and marketplaces trading within the European Union have been...
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    04/02/2025
    United Kingdom

    FCA issues first fine for breach of UK MiFIR transaction reporting regime: key takeaways for firms

    On 29 January 2025, the UK Financial Conduct Authority (“FCA”) issued a Final Notice to Infinox Capital Limited (“Infinox”), fining the firm £99,200 for failing to submit 46,053 transaction reports. While the FCA has previously issued fines for transaction reporting failures under the pre-MiFID II regime, this is the first FCA fine for a breach of the Markets in Financial Instruments Regulation (“MiFIR”) transaction reporting regime since it entered into force on 3 January 2018. As such, while the fine has caught the industry’s attention,...
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  •  
    04/02/2025
    United Kingdom

    Trustee Knowledge Update – November 2024 - January 2025

    Trustees of occupational pension schemes have a statutory duty to ensure that they have an adequate knowledge and understanding of the legal issues relevant to their scheme. They must also ensure that they are up to date with relevant changes in the law, which given the volume of pensions legislation and regulation and other demands on their time, can be difficult. With this in mind, our regular trustee knowledge update (“TKU”) is aimed specifically at pension scheme trustees, letting them know what has changed in the last quarter and how it might be relevant to them. It highlights...
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  •  
    04/02/2025
    Europe

    CMS Data Protection Update, February 2025

    I. The latest from the data protection authorities and current topics1. EDPB: Opinion on the processing of personal data in the context of the development and use of AI modelsIn December last year, the European Data Protection Board (EDPB) published its Opinion 28/2024 on certain data protection aspects related to the processing of personal data in the context of AI models. In it, the European data protection authorities comment on key data protection issues in connection with the development and use of AI models. The opinion contains a three-stage test to help data controllers determine whether...
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