Ireland—Banking & Financial Services analysis: This article was written by Eoin Caulfield, Ian Murray and Niall Campbell and discusses the Central Bank of Ireland's first Insurance Quarterly Newsletter of 2025, published on March 24, 2025. The newsletter includes several important updates for Irish (re)insurers, such as the Central Bank's annual Regulatory & Supervisory Outlook Report, which outlines key trends and risks in the financial sector, the revised Consumer Protection Code aimed at enhancing consumer protection in areas like digitalisation, mortgage switching, and fraud prevention, and the Central Bank's new supervisory framework, which emphasizes proactive risk management, resilience to macroeconomic challenges, and addressing climate change.

Ireland—Finance & Financial Service analysis: This article, was written by Kevin Murphy, Tara O’Reilly and Ian Dillon of Arthur Cox LLP.

Central Counterparties (CCPs) act as an intermediary between trading parties and absorbs some settlement risk i.e. a seller will sell a security to a CCP, which will simultaneously sell it on to the buyer (and vice versa). If one of the trading parties defaults, the CCP absorbs the loss.

With effect from 22 April 2014 the Central Family Court is the new name for the non-High Court element of the Principal Registry of the Family Division.

CASE HUB ARCHIVED–this archived case hub reflects the position at the date of the decision of 1 August 2017; it is no longer maintained. See further, timeline, commentary and related cases. Case facts Outline UK merger investigation into the anticipated merger between Central Manchester University Hospitals NHS Foundation Trust and University Hospital of South Manchester NHS Foundation Trust. Latest developments On 1 August 2017, the CMA unconditionally cleared the transaction. The CMA concluded that although the merger may reduce competition in the supply of NHS elective services and NHS specialised services, this loss of competition will be outweighed by substantial benefits for the care of patients. Parties Central Manchester University Hospitals NHS Foundation Trust (CMFT), which includes: • Manchester Royal Eye Hospital, providing specialist ophthalmology services • Manchester Royal Infirmary, a large teaching hospital providing a range of emergency care, elective care and tertiary care services • Royal Manchester Children’s Hospital, providing specialist paediatric and other services for children and young people • Altrincham Hospital, providing outpatient and diagnostic services • Saint Mary’s Hospital, a teaching hospital providing

Central Securities Depositaries (CSDs) are clearing and settlement systems for domestic market securities. CSDs usually trade all types of securities in their domestic market. The CSDs usually maintain settlement and trading links with the International Central Securities Depositaries (ICSDs). Some of the major CSDs are the United States' DTC (Depository Trust Corporation), Switzerland's SIS/SEGA Intersettle, Italy's Monte Titoli or Spain's Iberclear.

This timeline has been archived. For developments from January 2024 onwards, see EU Central Securities Depositories Regulation (EU CSDR)—timeline if the relate to the EU CSDR, or UK regulation of central securities depositories—timeline if they relate to the UK CSDR. For further information on EU CSDR, see Practice Note: EU Central Securities Depositories Regulation—essentials For further information on UK CSDR, see Practice Note: UK Central Securities Depositories Regulation—essentials. Date Source Document Description 27 December 2023 Official Journal Regulation (EU) 2023/2845 of the European Parliament and of the Council of 13 December 2023 amending Regulation (EU) No 909/2014 as regards settlement discipline, cross-border provision of services, supervisory cooperation, provision of banking-type ancillary services and requirements for third-country central securities depositories and amending Regulation (EU) No 236/2012 Regulation (EU) 2023/2845 of 13 December 2023 amending Regulation (EU) 909/2014 as regards settlement discipline, cross-border provision of services, supervisory co-operation, provision of banking-type ancillary services and requirements for third-country central securities depositories and amending Regulation (EU) 236/2012 (the EU CSDR Refit Regulation) was published in the Official Journal of the EU. 15 December

Money provided by Parliament out of which may be paid the costs of defendants in criminal cases in respect of which a “defendants costs order” has been made.

1 Interpretation 1.1 The following definitions and rules of interpretation apply in this Schedule: Broadly Comparable Pension Scheme • a pension scheme formally certified by the Government Actuary’s Department as broadly comparable to the relevant Public Sector Pension Scheme Customer’s Scheme • the Public Sector Pension Scheme currently operated by the Customer in respect of the Relevant Employees Fair Deal Guidance • HM Treasury Fair Deal for staff pensions—staff transfer from central government (October 2013) Onward Transfer Date • the date of transfer of Onward Transferring Employees of the Supplier pursuant to TUPE 2006 on expiry (or earlier termination) of this [ Outsourcing Contract] Onward Transferring Employees • employees of the Supplier who on expiry (or earlier termination) of the [Outsourcing Contract] automatically transfer under TUPE 2006 to the Customer or another employer for the purpose of provision of the Services Public Sector Pension Scheme • the [Principal Civil Service Pension Scheme (Classic, Classic Plus, Premium or Nuvos, as relevant)/National Health Service Pension Scheme (1995/2008)/National Health Service Pension Scheme (2015)/Teachers’ Pension Scheme (Post-2015)/Teachers’ Pension Scheme (Pre-2015)] Relevant Employees • [refer to employment definitions] [and as listed in Appendix 1 to this Schedule] Services • means the

FORTHCOMING CHANGE : On 13 October 2025, the Ministry of Housing, Communities and Local Government (MHCLG) launched a consultation on proposed improvements to the Local Government Pension Scheme (LGPS) in England and Wales. Among other things, the consultation proposes a major overhaul of Fair Deal protections, aligning the scheme with the 2013 Fair Deal guidance and ending the use of ‘broadly comparable’ pension schemes for future outsourcing (save in certain exceptional circumstances). Instead, all staff compulsorily transferred under TUPE would retain continuous LGPS membership through a new default ‘deemed employer’ model, ensuring the original Fair Deal employer remains responsible for pensions rather than relying on admission bodies. These protections would extend across re-tenders and subsequent transfers, safeguarding access for ‘protected transferees’ and, at the employer’s discretion, for new joiners on the contract. For those currently in broadly comparable schemes, the proposals envisage bulk transfers into the LGPS that preserve accrued final-salary benefits, with future accrual on a CARE basis. Draft regulations to implement these Fair Deal changes were published alongside

TUPE and pensions Where there is a transfer of a public service from central government to a private sector contractor, special protections will normally apply in respect of the pension rights of the transferring employees. These protections were originally contained in Annex A of the HM Treasury Guidance ‘Staff Transfers From Central Government: A Fair Deal for Staff Pensions’ (old Fair Deal). Old Fair Deal provided protection over and above the basic minimum protection provided by the Transfer of Undertakings (Protection of Employment) Regulations 2006 (TUPE), SI 2006/246, the Pensions Act 2004, ss 257–258 and The Transfer of Employment (Pension Protection) Regulations 2005, SI 2005/649. For further information on TUPE, see TUPE—what pension benefits should the transferee provide? and TUPE and Beckmann—the pensions exception. Old Fair Deal—interaction with Fair Deal 2013 and when it applies Old Fair Deal was issued in June 1999 and is addressed only to central government departments and agencies. Old Fair Deal is guidance only and not legally binding. Old Fair Deal cover situations

Local Government analysis: Amid the noise, it was easy to miss the budget’s announcement on the SEND system in England—but it was significant. From 2028/29, responsibility for all future deficits will pass from councils to central government. Amber Dellar says this could set the trajectory of SEND reform throughout this parliament.