The following Financial Services practice note Produced in partnership with Morrison & Foerster LLP provides comprehensive and up to date legal information covering:
BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. Following IP completion day, key transitional arrangements come to an end and significant changes begin to take effect across the UK’s legal regime. This document contains guidance on subjects impacted by these changes. Before continuing your research, see: Brexit and financial services: materials on the post-Brexit UK/EU regulatory regime.
ARCHIVED: This archived Practice Note provides a legislative history of the Basel Accord, which was subsequently succeeded by the Basel II andBasel III reforms. It is not maintained and is for background information only. For further information regarding Basel II, see Practice Note: Basel II—essentials [Archived], and for further information on Basel III and the legislation through which the framework was implemented in the EU, see Practice Note: CRD IV—essentials.
The Basel Committee on Banking Supervision (BCBS), which at the time consisted of the central banks of governors of the so-called G10 countries (Belgium, Canada, France, Germany, Italy, Japan, the Netherlands, Sweden, the United Kingdom and the United States), published a report in July 1988 setting out a proposed framework for measuring capital adequacy, and minimum capital requirements, for internationally-active banks. This was known as the Basel Accord (or Basel I).
Most countries in the world adopted the Basel Accord, or elements of it,
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This Practice Note looks at CE-File electronic working in the courts under CPR PD 51O, in the context of case management. It provides guidance on how to file a document electronically, deal with rejected electronic filings, issue a claim electronically, file electronic bundles (eBundles) for case
A declaratory judgment is a judgment identifying the rights, duties or obligations of one or more parties in a dispute. It is legally binding, but does not order any action by a party. A court may issue it alone or in conjunction with some other relief such as an injunction and can be granted on an
Background to the Single RulebookHistorically, the European Commission (Commission) favours using Directives (rather than Regulations) to set out its legislation in respect of the financial services sector. However, Directives, allowing Member States greater flexibility in how they implement
IntroductionShari'ah (also Sharia, Shariah or Shari’a) (literally, in Arabic, 'the path towards the watering place') or Islamic law is the legal system of the religion of Islam that sets out a system of duties or code of conduct for individuals to follow so that they may live their life in a
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