The managing director of the Payment Systems Regulator (PSR), Chris Hemsley, is to stand down with effect from 7 June 2024. David Geale has been appointed interim managing director with effect from 10 June 2024. The interim appointment will be for a period of nine months. After the general election, the PSR will begin the recruitment process for a new managing director.

Secretary of State for Energy Security and Net Zero, Ed Miliband, has appointed Chris Stark to head a new Mission Control, which is tasked with delivering clean power by 2030. The new control centre will focus on accelerating the transition away from volatile fossil fuel markets to clean, homegrown power, boosting Britain’s energy independence and cutting bills for households.

Law360: A Christian social worker has partially succeeded in his claims of discrimination and harassment based on religion or belief against the health support charity that rescinded his job offer after an internet search revealed his views on homosexuality. The claim for direct discrimination based on religion or belief was successful, the claims for indirect discrimination and harassment failed.

The Financial Conduct Authority (FCA) has announced that Christopher Woolcott has pleaded guilty to four counts of fraud and forgery after creating a fake takeover bid for Touchstone Exploration Inc. He will be sentenced at a later date.

Chronic pain and its meaning Chronic pain is a generic term which encompasses cases where the claimant has symptoms of pain but medical investigations have been unable to find a precise pathological cause for the pain suffered by the claimant. The National Institute for Health and Care Excellence (NICE) published guidance in April 2021 which covers the assessment and management of chronic pain. Chronic pain (sometimes known as long-term pain or persistent pain) is defined in the guideline as pain that lasts for more than three months. The NICE guidance focuses on chronic primary pain, ie pain with no clear underlying cause or pain (or its impact) that is out of proportion to any observable injury or disease. It is worth noting that the NICE guidance does not make a recommendation for or against the use of pain management programmes for chronic primary pain but the committee agreed that management options should be tailored after a patient-centred assessment. ICD-11 (the eleventh revision of the International Classification of Diseases) came into effect on 1 January

This Practice Note contains details of substantive changes to Precedent: AML, CTF and counter-proliferation financing policy since January 2018. Changes to other documents across Risk & Compliance are tracked in Practice Note: New and updated content 2026—Risk & Compliance, and earlier versions of that document, which can be found in subtopic: New & updated content in Risk and Compliance. 2026 Month Change and reason June Various changes following Money Laundering (Amendment) Regulations 2026, SI 2026/621, including:—updated all references from high-risk third country to FATF Call for Action country—updated 19.2.2(f)(i) to include ‘unusually’ before complex—deleted 20.2.1 and replaced with a new 20.2.1 defining what a FATF Call for Action country is—amended 22 title to now be ‘EDD—unusually complex or unusually large transactions’—updated 22.1.1 to include ‘unusually’ and ‘in each case given the nature of the transaction’—minor tweak to 22.2 to include ‘unusually’ before complexAlso updated for:—commencement of section 250 of the Crime and Policing Act 2026 — updated drafting note ‘Failure to comply with this

This Practice Note contains details of substantive changes to Precedent: AML, CTF and counter-proliferation financing policy—law firms since January 2018. Changes to other documents across Practice Compliance are tracked in Practice Note: New and updated content 2026—Practice Compliance, and earlier versions of that document, which can be found in subtopic: New and updated content. 2026 Month Change and reason June Various changes following Money Laundering (Amendment) Regulations 2026, including:—updated all references from high-risk third country to FATF Call for Action country—updated 19.2.2(f)(i) to include ‘unusually’ before complex—deleted 20.2.1 and replaced with a new 20.2.1 defining what a FATF Call for Action country is—amended 22 title to now be ‘EDD—unusually complex or unusually large transactions’—updated 22.1.1 to include ‘unusually’ and ‘in each case given the nature of the transaction’—minor tweak to 22.2 to include ‘unusually’ before complexAlso updated for:—commencement of CPA 2026, s250 — updated drafting note ‘Failure to comply with this policy’ February Updated drafting note external FATF Call for Action and Jurisdictions

This Practice Note contains a chronological list of substantive changes to our Client care letter—law firms and Terms of business—law firms Precedents. 2024 Month Precedent Change Reason January Terms of business—law firms Updated clause 16.3.4(d) To reflect new Legal Ombudsman postal address. 2023 Month Precedent Change Reason November Client care letter—law firms Changes to section 2 on climate risk and section 5 to add prompts to consider recoverability of costs and liability for shortfalls when providing costs information. Also, updating references to clients paying privately. To reflect the Law Society guidance on climate risk and SRA expectations regarding risk of shortfall in costs recovered from opponent. November Terms of business—law firms New optional text inserted in clause 5.4 and expanded drafting note to exclude climate-risk and climate-related legal issues. To reflect the Law Society guidance on climate risk. April Terms of business—law firms Updated clause 9.4, added new clauses 9.5 and 9.6. Adding drafting note to clause 9.6. To reflect SRA confidentiality of

Law360, London: Chubb has urged the High Court to force a group of war risk reinsurers to cover the US$5.7m it owes to aircraft lessors, arguing that the reinsurers are liable under a landmark court order determining the fate of planes stranded in Russia.

Law360: Chubb has denied that it owes a Bermuda-based subsidiary of a US aircraft lessor in a US$219 m dispute over a fleet of aircraft engines stranded in Russia and Ukraine because the planes are not lost and its policy does not cover war risk.

Law360, London: Chubb has denied having to pay £1.2m in a reinsurance chain following a settlement of claims brought by a woman who was injured in a car crash while being driven by a New York Times journalist in Scotland.

Law360: Chubb European Group has been pulled into an US$83.4m claim in London which alleges that insurers have refused to pay out for aircraft that have been stranded in Ukraine after the Russian invasion, according to an amended High Court claim.