This Finance (No.2) Bill 2025-2026 had its first reading in the House of Commons on 2 December 2025 and was published on 4 December 2025. The date for the second reading has yet to be announced.

Private Client analysis: Finance Bill 2024–25 was published on 7 November 2024.

Tax analysis: The Finance Bill 2024–25, also referred to as Autumn Finance Bill 2024 (AFB 2024) and Finance Bill 2025 (FB 2025), was published on 7 November 2024.

Tax analysis: The Spring Finance Bill 2024 (SFB 2024), also referred to as Finance (No 2) Bill 2024, was published on 13 March 2024.

Environment analysis: On 20 May 2025 the government published new and detailed guidance for sewerage undertakers in England and Wales on the preparation of Drainage and Wastewater Management Plans (DWMPs) under section 94A of the Water Industry Act 1991 (WIA 1991). The new guidance replaces that which applied at the time of the first round of DWMPs published in 2023, before the s 94A statutory duty came into force on 1 September 2024. Written by Harriet Townsend KC of Cornerstone Barristers.

Not for release, publication or distribution (in whole or in part, directly or indirectly) in, into or from the united states of america, canada, australia or japan or any other jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction. [ New offeror shares to be issued pursuant to the offer have not been and will not be registered in the united states of america under the securities act of 1933, as amended, nor under any relevant securities laws in canada, australia, or japan. ] [insert date] For immediate release [Recommended] [cash] offer (the Offer) by [Insert name of offeror] ([Offeror]) for [Insert name of offeree] PLC ([Offeree]) Publication of Offer Document On [insert date of Rule 2.7 announcement], the Board[s] of [Offeror] [and [Offeree]] announced under Rule 2.7 of the Code that [[Offeror] had made OR they had reached agreement on the terms of] a[n] [recommended] [cash] offer [to be made by [Offeror]] to acquire [the entire issued and to be issued] ordinary share capital of [Offeree] (the Announcement). Further to the Announcement, [Offeror] is pleased to announce

Not for release, publication or distribution (in whole or in part, directly or indirectly) in, into or from the united states of america, canada, australia or japan or any other jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction. [ New offeror shares to be issued pursuant to the offer have not been and will not be registered in the united states of america under the securities act of 1933, as amended, nor under any relevant securities laws in canada, australia, or japan. ] [insert date] For immediate release [Recommended] [cash] offer (the Offer) for the acquisition of [insert full name of offeree] ([Offeree]) by [Insert name of offeror] ([Offeror]) Publication of Scheme Document On [insert date of Rule 2.7 announcement], the Board[s] of [Offeror] [and [Offeree]] announced under Rule 2.7 of the Code that [[Offeror] had made OR they had reached agreement on the terms of] a[n] [recommended] [cash] offer [to be made by [Offeror]] to acquire [the entire issued and to be issued] ordinary share capital of [Offeree] by means of a scheme of arrangement under Part

The publication requirements under the disclosure rules of the Financial Services and Markets Act 2000 (FSMA 2000) refer to the rules that require the publication of certain information by certain persons connected to a listed security.

This is a property right in relation to an unpublished work which is first published after the expiry of copyright protection which is equivalent to copyright.

The Freedom of Information Act 2000 (FIA 2000) requires public authorities to adopt and maintain an approved publication scheme, which details the authority's commitments to publish selected information in its possession. Having adopted such a scheme, the authority must then publish information periodically in accordance with the scheme. The Information Commission created an approved scheme that every public authority must adopt without modification. The scheme sets out the classes of information which the authority intends to publish and the method by which information is published, and explains whether the information is available free of charge or on payment. The Information Commission’s Office (ICO) expects organisations to keep their publication schemes up to date in order to comply with their legal duties under FIA 2000. The ICO monitors compliance in relation to the development and maintenance of publication schemes. The model publication scheme Under FIA 2000, s 19(1), every public authority is required to: • adopt and maintain a publication scheme which relates to the publication of information by the authority and is approved by the Information Commission

1 BACKGROUND 1.1 [Insert project name] involves the [placing OR offer for subscription [and sale] ] of new [and [certain] existing] ordinary shares in [insert name or code name for company] plc (the Company) and the admission of the new and existing ordinary shares to trading on AIM (AIM), a market operated by the London Stock Exchange (the LSE) (the IPO). 1.2 [Insert other details regarding the transaction] 2 INTRODUCTION 2.1 These publicity guidelines (the guidelines) aim to provide a brief introduction of the English law issues in respect of the release of any information and/or any publicity of any kind that is relevant to the IPO and/or the Company [ [and OR ,] its subsidiaries (the Group)] [and the Company's affiliates]. 2.2 An IPO will usually involve publicity in various forms. In the period leading up to the IPO, you, as a director of the Company, must be careful in respect of the release of any information that is, or may be, relevant to the IPO. 2.3 The information concerned is broad in range and will include information: 2.3.1 which may affect an investor's view of the Company, its business, finances and prospects; and 2.3.2 about

1 Audit Publicity material name/ID [Insert name of publicity material, eg Website homepage] [Insert name of publicity material] [Insert name of publicity material] Publicity type [Insert publicity type, eg online] [Insert publicity type] [Insert publicity type] Publicity producer ☐  Internal [Insert person or team producing the material]☐  External [Insert name of external organisation producing the material] ☐