Law360: The new Labour government will introduce an 'expanded fraud strategy' as part of plans to reform the criminal justice system's approach to financial crime that include rewarding whistleblowers, cracking down on the enablers of kleptocracy and tackling coronavirus (COVID-19) fraud.

Written in partnership with Richard Ufland (Partner, Hogan Lovells International LLP) and Charles Jemmett (Associate, Hogan Lovells International LLP). This Q&A considers what Listing Rules requirements must be met by a company seeking to admit its shares to the Official List. A company seeking to admit its shares to the Official List must comply with certain requirements in the Listing Rules (LRs). Additionally, as shares can only be admitted to the Official List if they are also admitted to trading on a regulated market operated by a Recognised Investment Exchange (RIE), a company will also need to comply with the relevant requirements under the Prospectus Rules of the Financial Conduct Authority (FCA) and the Admission and Disclosure Standards of the London Stock Exchange (LSE) and Part VI of the Financial Services and Markets Act 2000 (FSMA 2000). This answer provides an overview of the relevant requirements under the LRs only. The LR requirements for the admission of shares to the Official

This Q&A covers UK based-engagement/projects. Depending upon the manner in which the company is planning to engage the software engineers, we refer you to the following Precedents which may be useful for your purposes: • IT services agreement—pro-customer—this can be used in a business-to-business arrangement for the purchase of commercial IT services. It is a short form document and should be used for relatively straightforward transactions. Note specifically the provisions in clause 12 relating to intellectual property in any deliverables • Outsourcing agreement—short form—this can be used where a customer appoints a supplier as an outsourced services provider of a particular business function of the customer.

Precedent: Witness statement—generic could be adapted for these purposes. Further, see: RTA witness questionnaire: BPILS Personal

Stamp duty land tax (SDLT) is charged on chargeable land transactions under section 42 of the Finance Act 2003 (FA 2003). A land transaction is an acquisition of a chargeable interest (FA 2003, s 43), which is defined very broadly in FA 2003, s 48 as: • an estate, interest, right or power in or over land in the UK, or • the benefit of an obligation, restriction or condition affecting the value of any such estate, interest right or power A land transaction is chargeable if it is not exempt from charge (FA 2003, s 49). For more detail, see Practice Note: Land transactions, chargeable interests

Law360, Expert analysis: A London court delivered its judgment on 25 March 2025 in the recent authorised push payment (APP) fraud case, ruling in favour of Santander in its defence of a claim brought by CCP Graduate School. The High Court found that Santander did not owe CCP any duty of retrieval. The bank did not assume any duty toward third-party victims of fraud, with whom it did not have a contractual relationship. Caroline Greenwell, partner, and Bella Henry, associate, at Charles Russell Speechlys LLP, consider the facts and ultimate decision in Santander before analysing how significant this decision will be for the banking sector and, accordingly, whether it is likely to influence how banks manage their obligations to customers and third parties. Finally, this article will address the mandatory reimbursement requirement (MRR), implemented by the Payment Systems Regulator (PSR) and the Bank of England in October 2024, and how the regime has been faring in its initial months.

Practice Note: Applying to naturalise as a British citizen: eligibility states the following under the section headed ‘Loss of British citizenship’: ‘Versions of the NG Renunciation of all types of British nationality published from 30 January 2018 state that where a person previously held leave to enter or remain under the UK Immigration Rules (including indefinite leave to remain) before becoming a British citizen, this status will not resume following registration of the declaration of renunciation.

The UK GDPR The mostly commonly encountered UK data protection law is the United Kingdom General Data Protection Regulation, Retained Regulation (EU) 2016/679 (UK GDPR), as supplemented by relevant parts of the Data Protection Act 2018 (DPA 2018). The UK GDPR regime, where it applies, imposes a large number of general obligations in respect of the processing of personal data (such as may occur in connection with automated decision-making or profiling). For guidance on the UK GDPR, its scope and general obligations, see Practice Note: The UK General Data Protection Regulation (UK GDPR) and the guidance on the UK GDPR from the Information Commissioner’s Office (ICO), which regulates UK data protection laws. For further introductory materials relating to the UK GDPR (including definitions of key terms such as 'personal data' and 'processing'), see: UK data protection law collection. In addition to its general requirements, the UK GDPR regime contains specific requirements relating to the processing of personal data

The Levy Control Framework (LCF) was introduced in 2011 following the 2010 Spending Review. It is a policy framework for controlling the consumer-funded costs of energy policies, agreed between the then-Department

The main UK regulatory issues for a private company to consider when seeking an investment from investors in its shares are as follows: • the general prohibition in section 755 of the Companies Act 2006 (CA 2006) on a private company making an offer of shares to the public • whether a prospectus is required in relation to the offer of shares under section 85 of the Financial Services and Markets Act 2000 (FSMA 2000) • whether the communication of the offer is a financial promotion under FSMA 2000, s 21 • liability for misleading statements in any documentation relating to the share issue General restriction on a private company making a public offer of shares under the Companies Act 2006, s 755 Under CA 2006, s 755(1), a private limited company must not: • offer to the public any securities (ie shares or debentures) of the company, or • allot or agree to allot

Law360: On 17 September 2025, the US Securities and Exchange Commission reversed its long-standing informal opposition to mandatory arbitration clauses in public company registration statements. Under the new policy, the presence of such clauses will no longer, by itself, prevent acceleration of a registration statement.

The VAT position on a sale of a freehold property subject to a lease depends on a number of factors including: • whether the seller has opted to tax the property • whether the sale is of a new building • the type of property (residential or commercial), and • whether the sale is a transfer of a going concern (ie a property rental business) For more