"It's hard to quantify, right now. But at a guess, I'd say it's probably more than 50% faster, at times. It's literally that quick. We've found to be an essential practical tool. We're very satisfied."
Walsall Council
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The public sector body procuring the project. This might, for example, be a local authority, an NHS trust, a central Government Department or a Non-Departmental Public Body.
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EU Securitisation Regulation鈥攖imeline This timeline shows key developments relating to Regulation (EU) 2017/2402 (the EU Securitisation Regulation) from January 2024 onwards. For earlier developments, see EU and UK Securitisation Regulations鈥攖imeline [Archived]. 2025 Date Source Document Description 1 April 2025 AFME The Joint Associations鈥 response to the ESMA consultation of February 2025 on the revision of the disclosure framework for private securitisation AFME, Commercial Real Estate Finance Council (CREFC) Europe and International Capital Market Association (ICMA) submitted a joint response to the European Securities and Markets Authority's (ESMA) consultation on revising private securitisation disclosure requirements. The joint response argues against: introducing a simplified reporting regime for EU-originated securitisations before wider reforms, citing concerns about potential changes to private securitisation definitions, continued template-based reporting requirements, and unresolved third-country reporting issues. They propose an alternative approach focusing on supervisory reporting needs while allowing more flexible investor disclosures.See: LNB News 01/04/2025 71. 31 March 2025 EBA Joint Committee Report on the implementation and functioning of the Securitisation Regulation (Article 44) The Joint Committee...
UK Benchmarks Regulation鈥攖imeline This timeline shows key developments relating to Assimilated Regulation (EU) 2016/1011 (the UK Benchmarks Regulation) from January 2024 onwards. For earlier developments, see Benchmarks Regulation鈥攖imeline [Archived] 2024 Date Source Document Description 22 October 2024 UK Parliament SI 2024/1051: The Critical Benchmarks Regulations 2004 SI 2024/1051: These Regulations are made to specify the WMR Closing Spot Rates (also known as the WMR London 4pm Closing Spot Rate) and ICE Swap Rate庐 as critical benchmarks for the purposes of Article A20(5) of Regulation (EU) 2016/1011 of the European Parliament and of the Council of 8 June 2016 on indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds. They are made in exercise of legislative powers under Regulation (EU) 2016/1011 in connection with assimilated law. They are due to come into force on 13 November 2024.See: LNB News 22/10/2024 108 1 October 2024 FCA and BoE FCA press releaseThe end of LIBOR The BoE has issued a joint press release...
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Excluded property from 6 April 2017鈥攆lowcharts These flowcharts are designed to help determine if an asset is excluded property for the purposes of UK inheritance tax (IHT) on or after 6 April 2017. The flowcharts consider whether an asset is excluded property or not, depending on the situs of the property and the domicile of the beneficial owner or settlor as appropriate. However, the detailed provisions relating to excluded property should be referred to and practitioners should also consider whether a double tax treaty may apply to override the excluded property regime depending on the particular circumstances of a matter. See Practice Note: Double taxation relief鈥攕ummary. Conversely, unilateral relief from IHT may apply where a tax of a similar nature has already been levied in respect of the same asset by a foreign tax authority. For further information, see Practice Notes: Excluded property trusts鈥攌ey events affecting IHT status and Situs of assets for succession and IHT. Situs of property The situs of an asset is important for determining the...
UK investigations鈥攍eniency process鈥攆lowchart Companies that have engaged in cartel activity can 'blow the whistle' in exchange for more lenient treatment. This involves
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This Practice Note considers the key issues which can arise when dealing with a local authority in England in a commercial finance transaction. It covers the types of acts a local authority may perform in a typical commercial finance transaction and considers the capacity and authority of local authorities when carrying out these acts. It also looks at other key issues to consider which are particular to dealing with a local authority in a commercial finance transaction, such as Wednesbury unreasonableness.Note that this Practice Note covers commercial finance provided to local authorities. It does not cover聽other funding sources such as grants available to local authorities, which are beyond the scope of this Practice Note. It also does not cover local authorities in Wales.The key questions that arise when dealing with a local authority in the context of a commercial finance transaction are in relation to the capacity of a local authority to borrow, create security and grant guarantees and the authority of persons purporting to act on behalf of the...
Employment claims in Scottish civil courts Scottish civil courts, like their counterparts in England and Wales, can and do decide certain employment disputes. However, there are very significant differences between the civil court systems in Scotland and in England and Wales which practitioners need to be aware of. This Practice Note provides an overview of: 鈥 the most common orders sought by employment lawyers in Scottish civil courts 鈥 the structure of the Scottish civil court system 鈥 the jurisdiction and key features of each relevant court 鈥 rights of audience 鈥 rules of procedure 鈥 important points about: 鈼 breach of contract claims in Scotland 鈼 injunctive (interlocutory) relief in Scotland 鈼 dawn raids in Scotland 鈼 industrial relations disputes in Scotland 鈼 equality of terms claims in Scotland The purpose of this Practice Note is to provide an introduction to the key features of the Scottish civil court system for employment lawyers. It is not intended to and does not purport to be a comprehensive account of...
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Consultancy agreement鈥攃ompany and individual鈥攑ro-client (short form) [ON HEADED NOTEPAPER OF CLIENT COMPANY] [Insert consultant鈥檚 name] [Insert consultant鈥檚 address] [Insert date] Dear [insert consultant鈥檚 name] [ Consultancy agreement OR Insert name of project ] Further to our recent discussions, I am pleased to confirm the terms of our agreement regarding the provision of your consultancy services to [insert name of client company] (Company). 1 Term 1.1 [Subject to the terms set out in this letter, your engagement [will commence OR commenced] on [insert date] and will continue unless or until either party gives to the other not less than [insert number] [weeks鈥 OR months鈥橾 prior notice in writing. OR 1.2 Your engagement will be for a fixed period of [insert number] months from [insert date], subject to the terms of this letter and subject to the right of either the Company or you to give to the other not less than [number] [weeks鈥 OR months鈥橾 notice in writing during such fixed period terminating the...
Distribution agreement鈥攏on-exclusive鈥攕hort form This Agreement is made on [date] Parties 1 [insert name of party] [of OR a company incorporated in England and Wales under number [insert registered number] whose registered office is at] [insert address] (Manufacturer); and 2 [insert name of party] [of OR a company incorporated in England and Wales under number [insert registered number] whose registered office is at] [insert address] (Distributor); each of the Manufacturer and the Distributor being a party and together they are the parties. Background (A) The Manufacturer manufactures [and supplies] the Products. (B) The Distributor has agreed to distribute the Products on a non-exclusive basis in the Territory in accordance with the provisions of this Agreement. The parties agree: 1 Definitions 1.1 In this Agreement: Active Sales 鈥 has the meaning given in Article 8(7) of VABEO; Affiliate 鈥 means any entity that directly or indirectly controls, is controlled by, or is in under common control with, another entity where 鈥渃ontrol鈥 means the beneficial ownership of...
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Where can I find information relating to FCA perimeter issues? The FCA's Perimeter Guidance manual (PERG) provides guidance about the circumstances in which authorisation is required, or exempt person status is available, including guidance on the activities which are regulated under the Financial Services and Markets Act 2000 (the Act) and the exclusions which are available. Application of the Perimeter Guidance manual (PERG) PERG applies to: 鈥 a person who is considering carrying on activities in the United Kingdom which may fall within the scope of the Act and is seeking guidance on whether he/she needs to be an authorised person 鈥 a person who seeks to become an authorised person under the Act and who is, or is considering, applying for Part 4A permission to carry on regulated activities in the United Kingdom 鈥 a person who is seeking guidance on whether any communication he/she may be seeking to make or cause to be made will be a financial promotion and be subject to the restriction...
Under what circumstances could a contracting authority negotiate or amend the terms of a contract tendered using the restricted procedure? What are the potential consequences of doing so? In answering this Q&A we have considered whether, prior to concluding a public contract tendered under the restricted procedure, the contract terms advertised can be negotiated with the preferred bidder and subsequently amended鈥攁nd what might happen if this was to take place. We have also limited our research to procurement under the Public Contracts Regulations 2015 (PCR 2015), SI 2015/102. What happens if during the tender period one or more bidders asks for the contract terms to change? It is not uncommon, during the tender period, for a bidder to ask for a term in the draft contract to be amended. Where this happens the contracting authority must give careful consideration to whether the proposed amendment can be accepted or not. Reasons why an amendment might be required include a genuine mistake on the part of the contracting...
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Google has announced it will maintain its current approach to third-party cookie controls in Chrome and will not implement a new standalone prompt, marking a shift from its previous Privacy Sandbox plans. The Competition and Markets Authority (CMA) is now reviewing the implications of this announcement for Google's existing commitments made under the 2022 Privacy Sandbox agreement. The decision comes as Google cites evolving privacy technology adoption, emerging AI opportunities, and regulatory changes since the Privacy Sandbox initiative launched in 2019. Google stated it will continue developing privacy-enhancing technologies and plans to launch IP Protection in Q3 2025.
The Competition and Markets Authority (CMA) has published guidance on 30 April 2025 on how it intends to implement the "4Ps", ie the four key principles it had announced in the context of its 2025鈥2026 annual plan in March 2025: pace, predictability, proportionality and process. The CMA's annual plan set out how the organisation intends to work with the new powers granted to it under the new Digital Markets Competition Regime by the Digital Markets, Competition and Consumers Act 2024. The CMA aims to promote business trust and confidence through the 4Ps and encourage investment and innovation. The guidance sets out what the CMA has done previously to deliver on each principle, and what it intends to do in future.
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