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Competition and Regulatory Newsletter
European Commission orders Luxembourg to recover illegal State aid from Engie The European Commission found that Luxembourg tax rulings afforded Engie an unfair advantage over other companies, contrary to the EU State aid rules. Luxembourg will have to re...
Brexit and insurers - two years on
Continuity of contracts; where is business being carried on?; outsourcing and reinsurance; policyholder protection; HMT approach to financial services legislation
Immediately following the Brexit vote, the key question facing insurers with significant EE...
Insurance Newsletter - July 2018
Retirement Outcomes Review; Solvency II; EU Securitisation Regime; Insurable Interest Bill; Financial planning by insurers
This newsletter highlights selected legal and regulatory developments in insurance.
Topics covered in this edition are:
the FCA...
Real Estate Newsletter
MEES exemptions, no oral modification clause; airspace; subsoil; implied term; advisers' liability
Topics include:
MEES guidance on exemptions
No oral modification clause - MWB Business Exchange Centres v Rock Advertising
Demised premises and ai...
Pensions Bulletin
EMIR extension of pensions exemption; PPF guidance on CVAs; Climate change risk; Finance (No.3) Bill; Restrictions in LGPS investment guidance; HMRC new digital platform newsletter Topics covered in this bulletin:
New Law
EMIR – extension of pensions exe...
Brexit Essentials: EU Withdrawal Bill receives Royal Assent
EU Withdrawal Bill receives Royal Assent
Following some dramatic Parliamentary ping-pong, on 20 June the House of Commons approved the EU Withdrawal Bill (the Withdrawal Bill), which received Royal Assent on 26 June.
The Government has successfully limi...
Incentives Bulletin
Disguised remuneration: HMRC guidance; EC publishes EMI State aid decision letter; Draft secondary legislation requires companies to report CEO pay gap; Finance Bill 2018 Topics covered in this bulletin:
Disguised remuneration: HMRC updates guidance
EC p...
Competition and Regulatory Newsletter
CMA imposes penalty on Electro Rent for failure to comply with interim measures CMA imposes penalty on Electro Rent for failure to comply with interim measures The CMA has imposed a penalty of £100,000 on Electro Rent for failure to comply with interim me...
Pensions Bulletin
Financial Guidance and Claims Act; Ruling on FSD legislation; Pensions Regulator Corporate Plan; Pensions Regulator and Pensions Ombudsman to share information Topics covered in this bulletin:
New Law
Financial Guidance and Claims Act 2018
Cases
Ruling...
Corporate Governance reform - new disclosures required in annual reports
Overview of the requirements of the proposed corporate governance reforms implemented by Companies (Miscellaneous Reporting) Regulations 2018 and which companies they apply to The government has published draft secondary legislation (the Companies (Miscel...