The following Energy practice note provides comprehensive and up to date legal information covering:
This Energy consultations tracker tool displays the current status and most recent developments of key consultations conducted by government departments, regulators and other bodies in relation to energy law and policy in England and Wales between 1 January and 31 December 2020.
For information on previous consultation trackers, see:
Energy consultations tracker 2019
Energy consultations tracker 2018
Energy consultations tracker 2017
Energy consultations tracker 2016
For our tracker setting out the anticipated future dates of major policy/regulatory announcements in the Great Britain (GB) energy market, see: GB energy market—policy and policy implementation tracker.
Consultations are displayed in chronological order by reference to the date that they have closed. The consultation that has most recently closed is displayed as the first entry in the table. It also means that, generally speaking, older consultations will appear towards the bottom of the list.
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This Practice Note explains certain common financial covenants used in commercial finance transactions including:•minimum net worth test•gearing ratio•leverage ratio (or debt to equity ratio)•current ratio (or acid test ratio)•cashflow ratio•interest cover ratio, and•loan to value ratioIt explains:
ContractWhere a contract is made by two or more parties it may contain a promise or obligation made by two or more of those parties. Any such promise may be:•joint•several, or•joint and severalWhether an undertaking is joint, several, or joint and several in contract is a question of construction
The roles of nominated officer and money laundering reporting officerA nominated officer is an individual who is nominated by a firm to receive disclosures under Part 7 of the Proceeds of Crime Act 2002 (POCA 2002) or Part III of the Terrorism Act 2000 (TA 2000)—see Requirement to appoint a
BREXIT: UK is leaving EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on this Practice Note. For further guidance on the impact of Brexit on e-money requirements, see Practice Note: Impact of Brexit: Payment services and electronic money directives—quick
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