A person must not drop1, be dropped or be permitted to drop to the surface or jump from an aircraft flying over the United Kingdom2 except under and in accordance with the terms of either a police air operator's certificate3 or a parachuting permission granted by the Civil Aviation Authority ('CAA')4. A person must not drop, be dropped or be permitted to drop from an aircraft in flight so as to endanger persons or property5. The CAA must grant a parachuting permission if it is satisfied that the applicant is a fit person to hold the permission and is
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The Financial Conduct Authority Handbook (FCA Handbook) includes sourcebooks to regulate the conduct of business by a regulated firm relevant to insurers: the Conduct of Business Sourcebook (COBS) and the Insurance Conduct of Business Sourcebook (ICOBS). This Practice Note considers how these
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This Practice Note examines:•why negative pledge clauses are used in commercial transactions •the consequences of breaching negative pledge provisions•how negative pledges are viewed in the context of security and quasi-security, and•key considerations when drafting a negative pledge clauseWhere
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