News & Analysis as of

Exemptions United Kingdom

Morrison & Foerster LLP

Potential Reforms to the UK Investment Screening Regime

On 22 July 2025, as part of a longstanding commitment to refine the UK’s investment screening regime to reduce burden on business, the UK government announced plans to introduce limited exemptions to the mandatory filing...more

Skadden, Arps, Slate, Meagher & Flom LLP

New UK Prospectus Rules Published

- What is new: The FCA has published final rules for the new UK prospectus regime, introducing significant reforms such as a new 75% threshold for secondary issuances, new prospectus exemptions, permitting protected...more

A&O Shearman

HMT publishes revised policy approach to ancillary activities exemption

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HM Treasury (HMT) has published a policy note and draft statutory instrument on the ancillary activities exemption, which is an exemption (originally introduced in the revised EU Markets in Financial Services Directive) from...more

A&O Shearman

FCA Handbook Notice 129

A&O Shearman on

The UK Financial Conduct Authority (FCA) has published Handbook Notice 129 which sets out changes to the classes of derivatives subject to the derivatives trading obligation (DTO), following policy statement PS25/2 published...more

A&O Shearman

U.K. regulators seek to improve margin requirements for non-centrally cleared OTC derivatives

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The U.K. Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) recently launched a joint consultation on proposed amendments to the margin requirements for non-centrally cleared derivatives.1...more

Skadden, Arps, Slate, Meagher & Flom LLP

UK Government Targets Reform of the Investment Manager Exemption

On 28 April 2025, the UK government published draft legislative amendments to: - Align the UK’s domestic tax rules on permanent establishments (PE) with the 2017 Organisation for Economic Co-operation and Development (OECD)...more

A&O Shearman

UK FCA policy statement on the DTO and PTRR services

A&O Shearman on

The UK Financial Conduct Authority (FCA) has published its policy statement (PS25/2) with final rules on the classes of derivatives subject to the derivatives trading obligation (DTO) and the new framework for the exemptions...more

A&O Shearman

UK regulators consult on changes to margin requirements for non-centrally cleared derivatives

A&O Shearman on

The Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) have opened a consultation on margin requirements for non-centrally cleared derivatives. The proposals are to: - Make permanent the current...more

A&O Shearman

Pensions: what's new this week - January 20, 2025

A&O Shearman on

Welcome to your weekly update from the A&O Shearman pensions team, covering all the latest legal and regulatory developments in the world of workplace pensions. Government confirms continuation of clearing exemption - ...more

Proskauer - Regulatory & Compliance

Cancelled in March 2024: Requirements for UK High Net Worth and Self-Certified Investors Changing From 31 January 2024

This post is an update of a previous post. On 27 March 2024, government legislation (Financial Services and Markets Act 2000 (Financial Promotion) (Amendment and Transitional Provision) Order 2024 (SI 2024/301), the “March...more

Pillsbury - Global Trade & Sanctions Law

State Department Proposes Exempting Australia, UK from Certain Defense Related Export Controls

On April 30, 2024, the Department of State proposed an amendment to the International Traffic in Arms Regulations (ITAR) intended to facilitate exports of defense articles, the performance of defense services, and brokering...more

K&L Gates LLP

State Department Aims to Streamline Export Controls for Future Collaboration Among the United States, United Kingdom, and...

K&L Gates LLP on

On 1 May 2024, the US State Department’s Directorate of Defense Trade Controls (DDTC) issued a proposed rule to amend the International Traffic in Arms Regulations (ITAR) to support the goals of the trilateral security...more

Goodwin

Forward to the Past: HNW and Sophisticated Exemptions for UK Investors

Goodwin on

On 6 March 2024, following the Chancellor’s budget statement, the Financial Services and Markets Act 2000 (Financial Promotion) (Amendment and Transitional Provision) Order 2024 (SI 2024/301) (the March Amendment) was...more

Cadwalader, Wickersham & Taft LLP

Changes to the UK Financial Promotions Rules

The UK’s Treasury has published its consultation response on “Financial promotion exemptions for high net worth individuals and sophisticated investors” alongside the draft Statutory Instrument making the relevant changes....more

Goodwin

UK HNW and Sophisticated Investor Exemptions: More Financial Promotion Changes

Goodwin on

We wrote on the impact of changes to the financial promotion rules that came into effect earlier this year. On 7 November 2023, the UK Government published the proposed changes to the Financial Promotion Order 2005 (FPO). The...more

Latham & Watkins LLP

HM Treasury Confirms Changes to Financial Promotion Exemptions

Latham & Watkins LLP on

Businesses relying on exemptions for high net worth individuals and self-certified sophisticated investors should ensure they are prepared to comply with the updated requirements. On 7 November 2023, HM Treasury...more

Morrison & Foerster LLP

Exemptions for Pensions and Intragroup Transactions Extended Under UK EMIR in Further Divergence from EU EMIR

Pension funds and entities with in-scope intragroup OTC derivative transactions will be able to continue to rely on the temporary exemptions from clearing and/or margining requirements under UK EMIR, following the publication...more

Hogan Lovells

UK MEES: Reviewing a greener future

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Camilla Lamont and Paul Tonkin consider the potential effects of the MEES Regulations on commercial lease rent reviews. ESG considerations are increasingly dominating the conversation between commercial landlords and their...more

BCLP

MEES, the next chapter: plotting commercial real estate's route to net zero

BCLP on

1 April 2023 sees the last step in the MEES phase 1 journey come to fruition – meaning that (with limited exceptions) you cannot continue to let sub-standard property (that has an EPC rating below an E) without registering an...more

Littler

Employment measures against inflation in France and in the UK

Littler on

In response to rising inflation, the French and UK governments have instituted various measures that affect employers. - France - During the presidential campaign, Macron’s Government promised to increase purchasing...more

Hogan Lovells

[Webinar] Mind the vertical gap: An update on the new rules on vertical agreements in the EU and UK - September 29th, 12:00 pm -...

Hogan Lovells on

Join the Hogan Lovells Antitrust and Competition team on Thursday, September 29, 2022 for a discussion on the key recent changes to the vertical agreement block exemptions in both the EU and UK: - Highlighting the key...more

BCLP

Emerging details of the new Biodiversity Net Gain regime

BCLP on

The DEFRA consultation published this month on the scope of the biodiversity net gain regulations to be introduced under powers in the Environment Act 2021, provides developers and landowners with a much clearer indication of...more

Morgan Lewis

COVID-19: UK Competition Law Exemption for Dairy Industry Comes to an End

Morgan Lewis on

The UK government’s Dairy Produce Order of May 1, 2020, which temporarily relaxed the application of UK competition law to certain types of cooperation in the dairy sector between dairy produce suppliers or dairy logistic...more

UB Greensfelder LLP

The U.S. Department of State Exempts Certain Health Care Professionals and Students from COVID-19 Travel Bans

UB Greensfelder LLP on

On June 22, 2020, the President signed Presidential Proclamation (P.P.) 10052, which suspended the entry to the United States of certain nonimmigrants, including H-1B, L-1, and J visa holders. In a statement posted on July...more

Gibney Anthony & Flaherty, LLP

COVID-19 Measures: U.S. Travel Ban Expanded to U.K. and Ireland

The Trump Administration issued a Proclamation extending travel restrictions to travelers from the U.K. and Ireland. The ban will take effect at 11:59 pm ET on Monday March 16, 2020. Impacted travelers include most foreign...more

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