The following Financial Services practice note provides comprehensive and up to date legal information covering:
BREXIT: As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an implementation period, during which it continues to be subject to EU law. This has an impact on this Practice Note. For further guidance, see Practice Notes: Impact of Brexit: Market Abuse Regulation—quick guide, Quick Look Brexit Financial Services Legislation Status Guide—Market Abuse Regulation and Brexit—UK listing and prospectus regime—Key areas of the UK listing and prospectus regime which will be affected by Brexit.
This Practice Note explains the key features of Regulation (EU) 596/2014 (the Market Abuse Regulation), which repealed and replaced the existing Market Abuse Directive (Directive 2003/6/EC) (MAD) and its implementing legislation on 3 July 2016. The Market Abuse Regulation introduced an updated and strengthened EU market abuse regime, incorporating a wider range of, and tougher, sanctions.
Outside of the UK, the Market Abuse Regulation is complemented by the Directive on Criminal Sanctions for Market Abuse (Directive 2014/57/EU) (CSMAD). The UK used its powers to opt out of CSMAD as it already has an established criminal regime under the Criminal Justice Act 1993 and the Financial Services Act 2012 for market abuse. For an overview of CSMAD, see Practice Note: Directive 2014/57/EU on criminal sanctions for market abuse.
The majority of the
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This Practice Note provides guidance on the interpretation and application of the relevant provisions of the CPR. Depending on the court in which your matter is proceeding, you may also need to be mindful of additional provisions—see further below.You should also consider if the proceedings will be
This Practice Note considers proprietary estoppel from a generic standpoint.For industry specific guidance on proprietary estoppel, see Practice Notes:•Estoppel and property law•Mortgages by estoppelProprietary estoppel—what is it?Unlike the other forms of estoppel (see Practice Note: Estoppel—what,
BREXIT: As of exit day (31 January 2020), the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an implementation period, during which it continues to be subject to EU law. This has an impact on this Practice Note. For further guidance on
Part 8 of the Corporation Tax Act 2009 (CTA 2009) is a specific corporation tax regime that applies exclusively to the gains and losses of intangible fixed assets. Note, however, that certain intangible fixed assets are excluded from the regime, see Practice Note: Excluded intangible fixed
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