Law360, Expert analysis: On 4 July 2025, the European Commission adopted a new delegated regulation aimed at streamlining the implementation of the EU Taxonomy Regulation. Rachel Lowe, special regulatory counsel, and Michael Singh, associate, at Proskauer Rose LLP, provide an overview of the delegated regulation. Lowe and Singh explain the background and objectives of the Taxonomy Regulation, highlight the key simplification measures introduced by the delegated regulation, and discuss the practical implications for both financial and nonfinancial companies. They also outline: the implementation timeline, the broader benefits of the reforms and some practical steps lawyers can take to help companies prepare for and comply with the new requirements.

Financial Services analysis: Will Italy’s financial transaction tax (FTT) become a blueprint for the regulation of high-frequency trading in Europe? Chris Morris and Marco Ragusa of Ernst & Young explore the recent developments.

Category Whose income? STEP 1 STEP 2 STEP 3 Category A Employment in the UK with same employer for 6 months or more • Sponsoring partner• Applicant (if in UK with permission to work) Calculate gross annual employment income• Gross annual salary at time of application (salaried) or• Annualised average calculation (non salaried) Add in if required• Non employment income• Pension• Cash savings N/A Employment overseas with same employer for

This Practice Note explains the different categories of schools. Firstly, it provides an overview of the first level of categorisation, which distinguishes independent schools, academic and free schools and maintained schools; and secondly, it outlines the further categorisation of maintained schools by their ownership, pupils’ age range and pupil intake. It also explains the distinction between ‘soft’ and ‘hard’ federations of maintained schools. Education law treats different categories of school in different ways. The management systems of the school, its funding and the procedures for opening, closing or altering the school all depend on its category. The first level of categorisation distinguishes schools into three groups: • independent schools (commonly referred to as private schools) • academies and free schools, and • maintained schools Further categorising divides schools by their ownership, by their pupil age ranges and by other selectivities of pupil intake. Many schools make no reference at all to these categories in their school name, on their website or when erecting

This Practice Note contains practical guidance on categorised services under the Online Safety Act 2023 (OSA 2023), including what constitutes a ‘categorised service’ and the additional duties to which categorised services are subject. The OSA 2023 sets out the UK’s regulatory framework for the regulation of internet content by creating risk-based duties of care with which in-scope services must comply. Only certain types of service are regulated, and only where they have links with the UK and do not fall within any relevant exemptions. Broadly, the following types of service are regulated: • user-to-user services • search services, and • pornographic services Regulated user-to-user and search services are commonly referred to as ‘regulated Part 3 services’. For detailed guidance on how the above services are defined and the exemptions which apply, see Practice Notes: The Online Safety Act 2023 and Providers of pornography—duties under Part 5 of the Online Safety Act 2023. Categorised services—a quick guide ‘Categorised services’ are a sub-set of regulated Part 3 services under OSA 2023 which are required

The part of the state pension based on the earner’s own earnings record.

Interior fit out to a basic level on behalf of landlord/developers. It is difficult to define what this includes as it can vary a lot. There are, however, some guidelines, for example those published by the British Council for Offices.

The part of the state pension based on the husband’s earnings record. Husbands cannot use their wife’s earnings record to gain benefits.

Interior fit out to a specified design on behalf of occupiers/owners.

The third element to the basic state pension. It has been abolished.

A fifth element to the basic state pension. It pays 25p a week to all pensioners over the age of 80.

As defined in Part 5 of IAEA Document INFCIRC/225/Rev.4)