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GLOSSARY

Joint Committee definition

Published by a LexisNexis Local Government expert

What does Joint Committee mean?

A committee consisting of members of two or more authorities established for the joint discharge of any functions of those authorities in accordance with the Local Government Act 1972, s 101.

A joint committee may also discharge its functions by a committee, sub-committee or an officer of one of the authorities. Functional enactments have effect subject to all necessary modifications in respect of their application and the areas in which they are to be discharged. Joint committee arrangements cease to have effect in relation to any particular function if that becomes the responsibility of an authority's executive.

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EU Securitisation Regulation—timeline

EU Securitisation Regulation—timeline 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—timeline [Archived]. 2025 Date Source Document Description 1 April 2025 AFME The Joint Associations’ 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...

EU operational resilience—timeline

EU operational resilience—timeline This timeline shows key developments relating to EU operational resilience requirements for financial services firms from January 2024 onwards. For earlier developments, see Operational resilience—timeline [Archived] 2025 Date Source Document Description 15 April 2025 FSB FSB finalises the common Format for Incident Reporting Exchange (FIRE) The Financial Stability Board (FSB) has published its finalised format for incident reporting exchange (FIRE), which aims to standardise and streamline cyber and operational incident reporting. Developed with private sector collaboration, FIRE addresses fragmentation in reporting requirements across multiple jurisdictions and supports phased implementation. It is interoperable with existing systems and applicable to a wide range of incidents, including those involving third-party service providers. The initiative promotes convergence in cyber incident reporting, reduces the reporting burden for firms, and improves communication among authorities.See: LNB News 15/04/2025 37. 24 March 2025 European Commission COMMISSION DELEGATED REGULATION (EU) …/... supplementing Regulation (EU) 2022/2554 of the European Parliament and of the Council with regard to regulatory technical standards specifying the elements that a financial...

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The EU Taxonomy Regulation—essentials

The EU Taxonomy Regulation—essentials This Practice Note analyses the scope and impact of the EU Taxonomy Regulation (Regulation (EU) 2020/852), and related delegated acts, and considerations for asset managers. What is the law/regulation? In December 2019, the Council of the EU and the European Parliament reached political agreement on the text of a proposed Regulation on the Establishment of a Framework to Facilitate Sustainable Investment—the so-called ‘EU Taxonomy Regulation’. The EU Taxonomy Regulation (Regulation (EU) 2020/852) was published in the Official Journal of the EU (OJ) on 22 June 2020, entered into force on 12 July 2020 and applies from the dates detailed in What is the timeline? below. The EU Taxonomy Regulation amends, and uses definitions from, the EU regulation on sustainability‐related disclosures in the financial services sector (Regulation (EU) 2019/2088) (the EU SFDR) and it is supplemented by Commission delegated regulations which are summarised in Recent developments and delegated regulations below. For more information, see the Commission’s webpages on Sustainable finance and the EU taxonomy for sustainable activities....

Ireland—Property horizon scanner 2025

Ireland—Property horizon scanner 2025 This Practice Note provides a summary of the key legal developments that are expected to impact Irish property lawyers during 2025 and beyond. It also summarises the key developments which have already taken place in 2025. Feel free to suggest issues that may be covered in our horizon scanner using: irelandcurrentawareness@lexisnexis.com. Legislation This section contains information on recent legislative changes relevant to property practitioners. Act/SI title Next/last key date Further material Charities (Amendment) Act 2024 (Ireland) 27 January 2025 The following provisions were commenced by SI No 10/2025 Charities (Amendment) Act 2024 (Commencement) Order 2025 (Ireland):• Part 1, and • sections 3, 5, 6, 20, 31, 33, 36, 37, 39 and 40 Bill tracker: LNB News 10/07/2024 1—Charities (Amendment) Bill 2023News: LNB News 27/09/2024 1—Charities (Amendment) Act 2024LNB News 12/07/2024 48—Ireland—President Higgins signs Charities (Amendment) Bill 2023LNB News 26/01/2024 65—Ireland—Minister O'Brien introduces Charities (Amendment) Bill to Dáil Éireann Planning and Development Act 2024 (Ireland) 2 December 2024 The following provisions were commenced by SI No...

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Cabinet Office publishes fourth annual UK-EU Withdrawal Agreement report

The Cabinet Office has published its fourth annual report covering the implementation of the UK-European Union (EU) Withdrawal Agreement during 2024. The report, issued under Article 164(6) of the Withdrawal Agreement, provides an overview of treaty-related activities between 1 January and 31 December 2024. This continues the formal monitoring and reporting requirements established under the Agreement following the UK's exit from the EU.

Financial Services—other developments (8/5/2025)

A round-up of other developments, which have not been covered in full by the LexisNexis Financial Services practical guidance team but may nevertheless be of interest.

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