The following Financial Services practice note 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.
In 2014, EU legislators agreed to replace the Markets in Financial Instruments Directive (MIFID) with a new Directive (MiFID II) and Regulation (MiFIR) (together the MiFID II framework). For an article-by-article roadmap of the level 1 texts of MiFID II and MiFIR, including changes to MiFID and subsequent amendments, see Practice Notes: MiFID II level 1 roadmap and MiFIR level 1 roadmap. For a glossary of terms defined in the level 1 texts, see Practice Note: MIFID II and MiFIR Level 1 Glossary.
The MiFID II framework is supported by a number of level 2 and level 3 measures under the Lamfalussy process in the form of delegated acts, technical standards, guidance and Q&A documents. For more information, see Practice Notes: MiFID II and MiFIR level 2 measures and MiFID II and MiFIR level 3 measures. For an article-by-article roadmap of MiFID II and MiFIR highlighting the level
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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
Who is a fiduciary?There is no comprehensive list of the relationships which give rise to the existence of fiduciary duties under common law. Some relationships are automatically fiduciary, eg those between trustee and beneficiary, solicitor and client, principal and agent, business partner and
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
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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