News & Analysis as of

Licenses United Kingdom

Walkers

Update on changes to the beneficial ownership regime in the Cayman Islands

Walkers on

Changes to the beneficial ownership regime took effect on 31 July 2024 and enforcement relating to the new requirements is suspended until early 2025. Many entities that previously had few or no obligations will have to...more

BCLP

Q1 2024 UK Oil and Gas Sector Update

BCLP on

The Energy Act 2023 (the “Act”) (in force as from 26 October 2023) amends model clauses contained in exploration and production licences to introduce requirements for consent to be obtained from the North Sea Transition...more

Bracewell LLP

Offshore Petroleum Licensing Bill: Energy Security at the Forefront of the Government’s Legislative Agenda

Bracewell LLP on

On 7 November 2023, the Offshore Petroleum Licensing Bill (the Bill) was announced as part of King Charles III’s “King’s Speech”, outlining the UK Government’s legislative agenda for the upcoming UK parliamentary session. If...more

A&O Shearman

MAS finalises its policy position on the regulation of stablecoin-related activities

A&O Shearman on

The MAS has finalised its regulatory approach for stablecoin-related activities. The finalised approach is substantially similar to what was originally set out in its consultation paper on the same issued on 26 October 2022....more

Walkers

Regulation of virtual asset service providers (VASPs) in Guernsey

Walkers on

This briefing is the fourth in a series of briefings by Walkers on the Lending, Credit and Finance (Bailiwick of Guernsey) Law, 2022 (the "LCFL"), and provides an overview of the licensing regime applicable to Virtual Asset...more

Walkers

Regulation of financial firm business in Guernsey

Walkers on

This briefing is the third in a series of briefings by Walkers on the Lending, Credit and Finance (Bailiwick of Guernsey) Law, 2022 (the "LCFL"), and provides an overview of the licensing regime applicable to "financial firm...more

K2 Integrity

Cryptoassets and the Premier League: Are the Premier League and Its Member Clubs Protecting Fans’ Interests?

K2 Integrity on

The Collins Dictionary word of the Year for 2021 was NFT (Non-Fungible Token), defined as “a unique digital certificate, registered in a blockchain, that is used to record ownership of an asset such as an artwork or a...more

Latham & Watkins LLP

UK Government Proposes an Independent Regulator for English Men’s Professional Football

Latham & Watkins LLP on

The regulator would introduce a licensing system for clubs, increase scrutiny of directors and owners, and aim to equalise funding. The UK government has published a White Paper which outlines its plans to establish a...more

White & Case LLP

Ofgem opens the door for third party finance providers to participate in the Supplier of Last Resort process

White & Case LLP on

The week between Christmas and New Year is not, traditionally, a time when Ofgem pushes out consultations on licence modifications. Nevertheless, on 30 December 2021, just such a consultation appeared. Perhaps, given the year...more

White & Case LLP

Fintech solutions for the financial services sector

White & Case LLP on

Challenges and opportunities in the US, UK and Europe - "Many Fintechs that previously avoided bank-like regulation in the US are now actively seeking that status." The digital revolution was well underway long before most...more

Mintz - Intellectual Property Viewpoints

Apple Backs Down: Commits to Take Global FRAND License to Avoid Exile from UK Market

For years, Apple has resisted taking a license to Optis’ standard-essential patent portfolio covering Long-Term Evolution (LTE) technology. However, it is now being reported that Apple committed to enter a global FRAND...more

Morrison & Foerster LLP

Seven Takeaway Points from OFSI’s Annual Review 2020-2021

Morrison & Foerster LLP on

On 14 October 2021, the Office of Financial Sanctions Implementation (“OFSI”) published its annual review for the financial year 2020-2021 (the “Annual Review”). Under the leadership of its new Director, Giles Thomson,...more

McDermott Will & Emery

Brexit and COVID-19: Changes to the Regulation of Medicines

McDermott Will & Emery on

The combination of the Coronavirus (COVID-19) pandemic and the imminent end of the Brexit transition period means a fast-changing regulatory environment for medicines. On 16 October 2020, the UK Government made changes to...more

BCLP

Vauxhall relieved to get back its bargain licence

BCLP on

Manchester Ship Canal Co Ltd v Vauxhall Motors Ltd (formerly General Motors UK Ltd) 2019 - The Supreme Court considered whether, and in what circumstances, relief from forfeiture can be granted in respect of a licence....more

Akin Gump Strauss Hauer & Feld LLP

Petroleum Licenses in the UK: Contract or Regulation?

Under the Petroleum Act 1998, the Secretary of State is authorized to grant licenses for the exploitation and production of hydrocarbons. The legal characteristic of such licenses has been an open question. If petroleum...more

McDermott Will & Emery

McDermott International Legal Highlights November 2016

McDermott Will & Emery on

The New World of Global Tax Planning: a Checklist for Success - As all multinationals (MNEs) are discovering, domestic implementation of the recommendations set out in the base erosion and profit shifting (BEPS) final...more

Mintz - Immigration Viewpoints

UK Immigration: SMS Request Premium Service Announced for Future Implementation

The UK Home Office has announced plans to offer an optional premium service for requests made through the Sponsor Management System (SMS). This service will allow Sponsors to pay a fee of £200 for expedited processing of...more

BCLP

The beginning of the end for national TV boundaries?

BCLP on

On 22 April 2016, the European Commission (“EC”) invited industry comment on the commitments proposed by Paramount Pictures International Limited (“Paramount”) in response to concerns raised by the EC. The EC’s concerns were...more

Dechert LLP

New UK Open General Export Licences for Components

Dechert LLP on

UK exporters may now use two new Open General Export Licences (OGELs), reducing the administrative burden of exporting a range of military and dual use components, including printed circuit boards....more

Bryan Cave Leighton Paisner

CMA encourages increased competition in Britain’s rail sector

On 8 March 2016, the Competition and Markets Authority (“CMA”) published a policy document recommending that the government overhaul the currently franchised rail system. 99% of Britain’s trains presently run under...more

Latham & Watkins LLP

Cross Border Financing Report 2015, UK

Latham & Watkins LLP on

Section 1 – Bank licences - 1.1 What licences or approvals do lenders need to have if lending to a borrower in this jurisdiction if a) the lender is a bank or b) the lender is a not a bank? No licences or approvals...more

Dechert LLP

Revision of UK Military List of Controlled Items

Dechert LLP on

The list of military goods, software and technology that are subject to export controls has been revised on 24 March 2015. The changes have been made through the Export Control (Amendment) Order 2015 which replaces Schedule 2...more

K&L Gates LLP

Gambling (Licensing & Advertising) Act 2014 gets Royal Assent

K&L Gates LLP on

The Gambling (Licensing & Advertising) Bill received Royal Assent on 14 May 2014. The final version of the Gambling (Licensing & Advertising) Act 2014 (the “Act”) is available here (see full article). The Gambling Commission...more

K&L Gates LLP

Further Key Amendments to the British Licence Conditions and Codes of Practice (LCCP)

K&L Gates LLP on

The Gambling Commission has recently published the final two parts of its response documents detailing the changes to be introduced to the LCCP to coincide with the new point of consumption regime in Great Britain. The...more

K&L Gates LLP

Amendments to the Licence Conditions and Codes of Practice (LCCP)

K&L Gates LLP on

The Gambling Commission has recently published part one of three publications detailing the changes to be introduced to the LCCP to coincide with the new point of consumption regime in Great Britain. Parts two and three are...more

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