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GLOSSARY
Since 26 June 2017 companies must enter any changes to PSC information on the company’s own PSC register within 14 days. They will then need to file the information at Companies House within a further 14 days, where it will be entered on the central register. Companies that have elected to keep their PSC register at Companies House will simply have to file confirmed information with Companies House within 14 days. As well as the obligation to file PSC information with Companies House within 14 days, since 26 June 2017 companies must confirm their information with Companies House at least once a year via a confirmation statement. For companies incorporated after 30 June 2016, a statement of initial significant control must be delivered to the registrar. This document must state whether, on incorporation, there will be anyone who will count for the purposes of CA 2006, s 790M as either a registrable person or a registrable relevant legal entity in relation to the company. It should also: • include the 'required particulars' of anyone who will count as such (see CA 2006, ss 790C and 790K), and • include any other matters that on incorporation will be required (or, in the absence of an election under CA 2006, s 790X, would be required) to be entered in the company's PSC register by virtue of CA 2006, s 790M
GLOSSARY
A person making a statement that it does not intend to make an offer for a company should make the statement as clear and unambiguous as possible. The consequences of a person making such a statement are set out in Rule 2.8, most notably that neither the person making the statement, nor any person who acted in concert with that person, nor any person who is subsequently acting in concert with either of them, may within six months from the date of the statement announce an offer or possible offer for the offeree (including a partial offer which would result in the offeror and persons acting in concert with it being interested in shares carrying 30% or more of the voting rights of the offeree).
GLOSSARY
A statement of investment principles prepared under the Pensions Act 1995, s 35 or under the Local Government Pension Scheme (Management and Investment of Funds) Regulations 1998 (SI 1998/1831), reg 9A, as amended.
PRACTICE NOTES
FORTHCOMING CHANGE : In summer 2026, the DWP plans to consult on fiduciary duty guidance that aims to provide clarity on how wider considerations can be taken into account within existing duties, including system-level risks such as climate change and the long-term impacts of investments on members’ outcomes. It will also address how trustees may take account of members’ views and reaffirm the need to consider all financially material factors, while remaining consistent with acting in members’ best interests. Note that earlier attempts to put the guidance on a statutory footing through the Pension Schemes Act 2026 failed. For further information, see: Updated workplace pensions roadmap, DWP Parliamentary response, 19 January 2026 and Hansard debate: House of Lords (26 March 2026). THIS PRACTICE NOTE APPLIES TO OCCUPATIONAL PENSION SCHEMES The trustees of an occupational pension scheme are responsible for looking after and investing the assets of their scheme to ensure that they can pay the benefits which are promised by the scheme. For this purpose, various investment powers and restrictions
PRECEDENTS
THE [insert name of pension scheme] PENSION SCHEME This statement of investment principles is effective from [insert date]. 1 Statement of investment principles 1.1 Purpose of statement This statement sets out the principles governing the decisions about the investment of the assets of the [insert name] Pension Scheme (the Scheme). This statement is issued by the Trustees of the [insert name] Pension Scheme (the Trustees) to comply with the Pensions Act 1995, s 35. 1.2 Review The statement will be reviewed annually. A special review may be undertaken at any time if the Trustees think that there has been a significant change in investment policy or any other circumstances affecting the Scheme. 1.3 Advice The Trustees have obtained and considered written advice on the content of this statement in a letter from [insert name of investment consultant or actuary]. [insert name] have confirmed to the Trustees that they are qualified by their ability in a practical experience of financial matters and have the appropriate knowledge and experience of the management of the investments of such
PRECEDENTS
THE [insert name of pension scheme] PENSION SCHEME This statement of investment principles is effective from [insert date]. 1 Statement of investment principles 1.1 Purpose of statement This statement sets out the principles governing the decisions about the investment of the assets of the [insert name] Pension Scheme (the Scheme). This statement is issued by the Trustees of the [insert name] Pension Scheme (the Trustees) to comply with the Pensions Act 1995, s 35. 1.2 Review The statement will be reviewed annually. A special review may be undertaken at any time if the Trustees think that there has been a significant change in investment policy or any other circumstances affecting the Scheme. 1.3 Advice The Trustees have obtained and considered written advice on the content of this statement in a letter from [insert name of investment consultant or actuary]. [insert name] have confirmed to the Trustees that they are qualified by their ability in and practical experience of financial matters and have the appropriate knowledge and experience of the management of the investments of such
PRECEDENTS
1 You have become employed under a contract of employment under which you are or can be required to do Sunday betting work that is to say, work— 1.1 at a track on a Sunday on which your employer is taking bets at the track, or 1.2 in a licensed betting office on a Sunday on which it is open for business. 2 However,
PRECEDENTS
1 You have become employed as a shop worker and are, or can be, required under your contract of employment to do the Sunday work your contract provides for. However, if you wish, you can give a notice, as described in the next paragraph, to your employer and you will then have the right not to work in or about a shop
GLOSSARY
A signed statement appended to a document, in prescribed form, whereby a party, witness or (where permitted) legal representative asserts the truth of the matters put forward in that document and an understanding that a false statement can lead to contempt of court.
NEWS
The Welsh Government has published an oral statement made in the Senedd by Hannah Blythyn MS, Deputy Minister for Social Partnership, on the implementation of the Social Partnership and Public Procurement (Wales) Act 2023. In her statement, Blythyn explains that the first meeting of the social partnership council is to be held on 1 February 2024, preparations for the commencement of the social partnership duties on 1 April 2024 are well advanced and work on the regulations and guidance that will support socially responsible procurement provisions are moving forward accordingly. The council meeting will provide an opportunity for members to discuss the draft budget with Ministers.
PRECEDENTS
[ To be added on the face of the contract ]
PRACTICE NOTES
What are Statements of Insolvency Practice? Insolvency practitioners (IPs) are required to comply with both legislation and Statements of Insolvency Practice (SIPs). SIPs are a series of guidance notes. The purpose of a SIP is to promote and maintain high standards by setting out required practice and by harmonising the approach of IPs to particular aspects of insolvency practice in England and Wales, Scotland and Northern Ireland. Failure to comply with the required standards, legislation or with SIPs may result in disciplinary action against an IP being taken by their relevant authorising body. SIPs are commissioned by the Joint Insolvency Committee (JIC), which is made up of representatives from each of the bodies responsible for the authorisation and regulation of IPs (being the three recognised professional bodies (RPBs) and the Insolvency Service on behalf of the Secretary of State for Business and Trade—the three RPBs are the Insolvency Practitioners Association, the Institute of Chartered Accountants in England and Wales (ICAEW) and the Institute of Chartered Accountants in Scotland. With effect from 1 June 2025,