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DBT launches consultation on new subscription contracts regime
The Department for Business and Trade has initiated a consultation on implementing a new subscription contracts regime, following the Digital Markets, Competition and Consumers Act 2024. The consultation seeks views on proposals to simplify refunds and cancellation processes for subscription services, addressing 'subscription traps' that cost UK...
MHRA announces relaunch of Innovative Licensing and Access Pathway for 2025
The Medicines and Healthcare products Regulatory Agency (MHRA) has published a statement of policy intent regarding the relaunch of the Innovative Licensing and Access Pathway (ILAP) in March 2025. This announcement follows the success of the original ILAP, launched in 2021, which has awarded 166 Innovation Passports to date.
CMU: Council adopts EMIR 3 and amending Directive on treatment of CCP concentration risk
The Council of the EU has announced its adoption of the Regulation amending Regulations (EU) No 648/2012 (EU EMIR), the Capital Requirements Regulation (EU) 575/2013 (EU CCR) and the Money Market Funds Regulation (EU) 2017/1131 (EU MMF Regulation) as regards measures to mitigate excessive exposures to third-country central counterparties (CCPs) and...
TPO publishes determination on Ecroignard Trustees Ltd
The Pensions Ombudsman (TPO) has released a determination following an investigation by its Pensions Dishonesty Unit into Ecroignard Trustees Ltd. The inquiry revealed multiple breaches of trust in the management of two pension schemes. As a result, former director Ankur Vijaykumar Shroff has been directed to personally repay over £9.7 million into...