This Practice Note provides information on the liquidity coverage ratio requirements, set out in the Liquidity (CRR) Part and the Liquidity Coverage Ratio (CRR) Part of the Prudential Regulation Authority (PRA) Rulebook, which apply to UK banks, building societies and systemically important investment firms. The primary source for UK prudential requirements has been the onshored Capital Requirements Regulation (Assimilated Regulation (EU) 575/2013—UK CRR) and its level 2 measures. The provisions of UK CRR and its level 2 measures are, however, in the process of being revoked and replaced by provisions in the PRA Rulebook and other PRA policy materials. For information, see Practice Note: Introduction to the UK prudential regime for banks, building societies and systemically important investment firms—UK CRR. The Liquidity (CRR) Part includes rules which correspond to, and are identified by reference to, specified Articles of UK CRR as they applied immediately before revocation. The Liquidity Coverage Ratio (CRR) Part includes rules which correspond to, and are identified by reference to, specified Articles of Assimilated Regulation (EU) No 2015/61 (a UK CRR level 2 measure)

These tools include (among others) redemption fees, redemption gates, redemptions in kind (ie by way of assets rather than cash), side pockets and suspension of redemptions. For further information, see: IOSCO’s Final Report on Liquidity Management tools in Collective Investment Schemes: Results from an IOSCO Committee 5 survey to members.

In order to overcome investors' desire for liquidity, less liquid assets must offer a higher return (‘premium’) to compensate for reduced flexibility.

Liquified natural gas (LNG) is gas that has been cooled to approximately -162°C, changing it from a gas into a liquid.

What is the main legislation governing this area? The Licensing Act 2003 (LA 2003) governs the provision of licensable activities in England and Wales (there is separate legislation in Scotland and Northern Ireland). Under LA 2003, the following activities are licensable: • the sale by retail of alcohol • the supply of alcohol by or on behalf of a club to, or to the order of, a member of the club • the provision of late night refreshment (hot food and/or hot drink between the hours of 23.00 and 05.00), and • the provision of regulated entertainment (which includes music, dancing, exhibition of films, performances of plays, indoor sports and/or boxing and wrestling (subject to various exemptions depending upon the nature and times of the entertainment being provided, audience numbers and whether music is amplified)) Premises licences are issued by the local authority for the area in which the premises is situated and cover the relevant building/place for licensable activities. For multi-site businesses, there will be a licence for each premises where licensable

Lis pendens describes the existence of pending litigation, commonly used in practice to warn that court proceedings may affect title to, or interests in, land. Its purpose is to protect a claimant’s position against purchasers or mortgagees and to preserve priority while the dispute is determined.In England and Wales, the historic doctrine that a purchaser was bound simply because a suit was pending has been superseded by registration-based systems. For unregistered land, protection is by registering a pending land action as a land charge under the Land Charges Act 1972. For registered land, protection is by an agreed or unilateral notice and/or an appropriate restriction on the title under the Land Registration Act 2002. The Latin term is descriptive; its practical effect depends on proper registration.In Northern Ireland and in Ireland, lis pendens is a statutory notice that can be registered in the Land Registry/Registry of Deeds to give constructive notice to third parties of proceedings affecting land. Once registered, it typically binds successors for as long as the action remains pending, and can be vacated when proceedings conclude or by court order.In Scotland, the term is not used for land registration; analogous protection is obtained by inhibition on the dependence.

Ireland—Dispute Resolution analysis: This article was written by A&L Goodbody’s Disputes team. It notes that, as the government announces a potentially substantial reform of the law on the registration of lis pendens relating to land (including proposals in the General Scheme of the Civil Reform Bill 2025 (Ireland) published on 6 January 2026), the Irish High Court has delivered a timely judgment in Goldstein Property ICAV v RELM Loan Opportunities 2 DAC & others on the use of lis pendens in disputes concerning the validity of receiver appointments.

The Lisbon strategy, which is also known as the Lisbon Agenda or the Lisbon Process, was an action and development plan devised for the years 2000 to 2010.

Membership of the European Union has steadily grown since its founding members formed the European Coal and Steel Community in 1952, followed by the establishment of the European Economic Community and the European Atomic Energy Community in 1958. The following is a list of the 27 EU Member States,

UK status The UK is no longer an EU Member State as of exit day (31 January 2020). For a time, under the Withdrawal Agreement, the UK was in an implementation period, during which it continued to be subject to EU law. However from 1 January 2021, the main operative parts of

The Home Office has published details of tuberculosis (TB) screening clinics for individuals applying for a TB test certificate from the USA, Japan, the UAE or Iran. At present, there are two clinics in the USA (Los Angeles and New York) and Iran (Tehran and Mashhad), and one clinic in the UAE (Abu Dhabi) and Japan (Tokyo). Further information on each clinic, eg contact details, costs and opening hours, can be found on the relevant guidance webpage.

An amendment paper has been published listing all the amendments tabled to the Pension Schemes Bill ahead of Report Stage and Third Reading in the House of Commons, scheduled for Wednesday 3 December 2025.