A psychological or psychiatric injury or illness.

This week's edition of Financial Services weekly highlights includes: Spring Budget 2024—key Financial Services announcements; Financial Services and Markets Act 2023 (Commencement No 5) Regulations 2024; FCA Dear CEO letter warns Annex 1 firms of AML failings, and FCA publishes Dear CEO letter on its asset management & alternatives supervisory strategy.

This week's edition of Financial Services weekly highlights includes: Kirstene Baillie’s video on being sufficiently innovative in the asset management sector; PRA fines HSBC £57m for breaches of the Depositor Protection Rules; UK government finds EEA states equivalent under the Overseas Funds Regime; Council of EU publishes final compromise text of Solvency II amendment, and HMT and BoE publish their response to digital pound consultation and outline next steps, plus dates for your diary over the coming week.

This week's edition of Financial Services weekly highlights includes: the Supreme Court’s decision in R v Hayes; R v Palombo [2025] UKSC 29, which quashes convictions related to LIBOR and EURIBOR submissions; FCA reports assessing the state of the UK retail insurance market and outlining actions for firms, government and regulators to address identified shortcomings; and the FCA consultation on new deferred payment credit regulation; plus dates for your diary over the coming week.

ARCHIVED: This Practice Note has been archived and is not maintained. This Practice Note is a summary of the key legal developments of relevance to personal injury and clinical negligence practitioners as of July 2025. For developments that pre-date this horizon scanner, reference should be made to PI and Clinical Negligence horizon scanning and key cases—overview. Key PI and clinical negligence developments The personal injury discount rate—a review At the tail end of 2024, the Lord Chancellor, Shabana Mahmood MP, announced the results of her five-month long review of the discount rate, first announced in July 2024. One month on from the new +0.5% discount rate coming into force, Thea Wilson (barrister at 12 King’s Bench Walk) reviews the impact on cases of the new discount rate, the reaction from those representing claimants and defendants, and the implications of the change for legal practitioners. See News Analysis: The personal injury discount rate—a review. MoJ announces reduction in CFO’s interest rates The Ministry of Justice (MoJ) has announced a decrease

Any injury calculated to interfere with the health or comfort of the victim. It does not need to be permanent but it must be more than merely transient.

This Practice Note tracks divergence between European Market Infrastructure Regulation (EU) 648/2012 (EU EMIR) and Assimilated Regulation (EU) 648/2012 (UK EMIR). How to use this Practice Note This Practice Note can be used as a navigation aid when studying the provisions of Assimilated Regulation (EU) 648/2012 (UK EMIR), by providing a comparison with the corresponding provisions of Regulation (EU) 648/2012 (EU EMIR) regime. Set out below are links to all the Articles and Annexes in UK EMIR and EU EMIR respectively. Each part below provides information on: • the relevant Articles and Annexes as they currently stand, including: ◦ the most recent changes made, the date they were made, and details of the implementing/amending/repealing legislation ◦ proposed reforms to certain Articles • a brief summary of the points of divergence (ie how the relevant Article or Annex has evolved in the UK and/or the EU since 31 December 2020, being the end of the Brexit transition period) The degree of variance between the regimes is signposted as follows: Indicator Definition(s)   indicates

This week's edition of Financial Services weekly highlights includes: the FCA’s confirmation of regulatory fees and levies for 2025/26 in policy statement PS25/8, new ESMA guidance aimed at tackling misleading sustainability claims in retail communications, the introduction of the Reporting Cryptoasset Service Providers (Due Diligence and Reporting Requirements) Regulations 2025, and IAIS’ publication of high-level principles for implementing the Insurance Capital Standard; plus dates for your diary over the coming week.

means an event, series of events or circumstance arising from the physical impacts of Climate Change that is either Pan-terra or Epi-terra in scope and prevents a party from performing its obligations under this agreement [including an obligation to pay money], and includes but is not limited to: (a) unavailability of water, clean air or other Natural Capital required by a party to manufacture or supply the [products OR services]; (b) damage to a party’s premises, including flooding due to sea level rise or an increased intensity of rain and storms; (c) disruption of logistics and transport systems relied on for the supply and distribution of key inputs or outputs; (d) unsafe working conditions due to heat stress, extreme weather or increased disease; (e) damage or disruption to food supply chains, housing or transport affecting the availability of food, shelter or transport for workers; (f) unavailability of insurance; (g) unavailability of workers, and (h) [insert other adverse events].

Scope of this Practice Note This Practice Note focuses on the approach of EU authorities and regulators (ie, the European Banking Authority (EBA) and the European Securities and Markets Act (ESMA)). It also provides some background to the meaning of cryptoassets and the unique challenges that cryptoassets pose to regulators. For information about the approach taken by UK authorities and regulators, see Practice Note: UK regulation of cryptoassets. For more information about the approach taken by supranational bodies, see Practice Note: Supranational approach to the regulation of cryptoassets. This Practice Note should also be read in conjunction with Practice Note: Web 3.0, digital assets and cryptoassets—essentials which discusses: • What are cryptoassets? • Common terms associated with cryptoassets • Development of cryptoassets • Characteristics of cryptoassets • Considerations for businesses looking at cryptoasset technology • Cryptoassets, the smart contract and ICOs • Disputes involving cryptoassets • Regulation of cryptoassets • Cryptoassets as regulated investments What are cryptoassets? One of the hurdles in relation to understanding non-traditional currencies and assets lies in the inconsistent use of

Welcome to the weekly Financial Services highlights from the Financial Services team for the week ending 6 December 2018. This week’s edition of Financial Services highlights provides an aggregation of the news reported by the Lexis®PSL Financial Services team over the past week and includes (1) news items relating to the UK’s decision to leave the EU (2) updates from UK Regulators (3) updates from EU and International Regulators (4) updates from industry bodies and market participants (5) new and updated content and (6) dates for your diary from Financial Services.

Piercing the corporate veil describes the exceptional judicial step of disregarding a company’s separate legal personality to treat the acts or liabilities of the company as those of its controllers (typically shareholders or directors). It is not a statutory term in UK or Irish company law, but a case law‑based, descriptive expression used across multiple contexts, most often in insolvency, enforcement and fraud litigation.In England and Wales and Northern Ireland, following cases such as *Prest v Petrodel Resources Ltd*, courts will only pierce the veil in very narrow circumstances, usually where a company is used as a façade or sham to evade existing legal obligations or to perpetrate fraud. Similar principles apply in Scotland and Ireland, where courts also stress that incorporation and limited liability will be upheld unless there is abuse of the corporate structure.Piercing the corporate veil is distinct from other routes to personal liability (for example, wrongful trading, misfeasance, guarantees or statutory director liability). For practitioners, it is typically argued as a last resort, with a high evidential threshold and significant uncertainty as to outcome.