Low-Level Waste: Waste which includes metals, soil, building rubble and organic materials, arising principally as lightly contaminated miscellaneous scrap. Wastes other than those suitable for disposal to landfill, but generally not exceeding 4 GBq/te (gigabecquerels/tonne) of alpha or 12 GBq/te of beta/gamma activity. Metals are mostly in the form of redundant equipment or from decommissioning of radioactive/nuclear facilities. Organic materials are mainly in the form of paper towels, clothing and laboratory equipment that have been used in areas where radioactive materials are used – such as hospitals, research establishments and general industry as well as the nuclear industry. The National Repository for LLW is near Drigg, Cumbria.

Site of the Low Level Waste Repository in Cumbria, near Drigg.

Loan Market Association is a trade organisation for the secondary loan market in Europe.

The Loan Market Association (LMA) and the European Leveraged Finance Association (ELFA) have jointly published an updated best practice guide to sustainability-linked leveraged loans (SLLLs). The update, released in response to the market's growing interest and the February 2023 revisions to the Sustainability-Linked Loan Principles, aims to maintain the guide's relevance and promote market efficiency and consistency.

The Loan Market Association (LMA) and the International Capital Market Association (ICMA) have jointly published guidance for sustainability-linked loans financing bonds. These guidelines define a dedicated bond instrument designed for issuers wishing to finance a portfolio of eligible sustainability-linked loans aligned with the sustainability-linked loan principles (SLLBs).

The Lloyd’s Market Association (LMA) and Insurance Capital Markets Research (ICMR) have released a detailed report on Lloyd’s 2023 results following the publication of all the syndicates’ accounts on 28 March 2024. Lloyd’s recently announced its best ever profit at £10.7bn which sets it on course to achieve its best return on capital for over 15 years.

The Lloyd’s Market Association (LMA) and Insurance Capital Markets Research (ICMR) intend to release a report into Lloyd’s results following the publication of all the syndicates’ accounts on 28 March 2024. The report will examine the performance of syndicates and segments of the market by size and line of business. It will also benchmark the market’s performance against liquid specialty (re)insurance investment and catastrophe bond indices.

The Lloyd’s Market Association (LMA) and the International Underwriting Association (IUA) have launched a new resource, the Sustainability Data Standard, to standardise the way in which underwriters ask clients about their sustainability data.

The Loan Market Association (LMA) has announced the development of its asymmetric jurisdiction clauses in response to the recent Court of Justice of the European Union (CJEU) decision in Società Italiana Lastre SpA v. Agora SARL (Case C-537/23).

The Loan Market Association (LMA) has published its IBOR newsletter for March 2024 which discusses some key developments, including: the end of the remaining tenor of synthetic GBP LIBOR on 28 March 2024, CDOR transition deadline on 28 June 2024, the cessation of synthetic USD LIBOR at end-September 2024, and the end of Euroyen TIBOR at the end of December 2024. The LMA is currently reviewing its documentation index to streamline its documentation and related guidance and welcomes feedback from market participants on the documents that are most helpful and frequently used.

The Lloyd’s Market Association (LMA) has informed the market that from 29 February 2024 Lloyd’s Europe will provide non-life insurance business services on a Freedom to provide Services basis only in Lithuania and Malta.

The Loan Market Association (LMA) has announced the publication of the Transition Loans Guide, a new resource designed to support climate-aligned lending through transition-labelled loans. Developed in collaboration with the Asia Pacific Loan Market Association (APLMA) and the Loan Syndications and Trading Association (LSTA), it seeks to address the increasing demand for financial structures that help companies pursue science-based decarbonisation strategies, particularly in sectors that are not typically classified as green. The guide outlines the role of loan markets in mobilising large-scale capital to support efforts toward achieving net-zero emissions by 2050.