News & Analysis as of

Policy Drafting United Kingdom

A&O Shearman

Plan for the worst, hope for the best: PRA policy on solvent exit planning for non-systemic banks and building societies

A&O Shearman on

The PRA has published its final policy on the requirements for non-systemic UK banks and building societies to prepare for a solvent exit. The new rules require all firms in scope to prepare for an orderly solvent exit as...more

Cadwalader, Wickersham & Taft LLP

Tax Abolition (but of a tax not actively collected)

On 14 September 2023, HM Revenue & Customs (“HMRC”) published a policy paper, along with explanatory notes and draft legislation, announcing the removal of the 1.5% charge to stamp duty and stamp duty reserve tax (“SDRT”) on...more

Hogan Lovells

UK Government's Ten Point Plan for a Green Industrial Revolution

Hogan Lovells on

Earlier last week, the UK Government published its Policy Paper on the Ten Point Plan for a Green Industrial Revolution. The policy paper reiterates the commitment the Government made last week to turn the UK into the world’s...more

A&O Shearman

Draft UK Legislation to Onshore the EU Reorganization and Winding Up Directives Published in Preparation for Brexit

A&O Shearman on

HM Treasury has published a draft statutory instrument to onshore further EU financial services legislation in preparation for Brexit - the draft Credit Institutions and Insurance Undertakings Reorganization and Winding Up...more

A&O Shearman

Draft UK Post-Brexit Regulations to Onshore the EU Bank Recovery and Resolution Directive Published

A&O Shearman on

HM Treasury has published draft Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018 to onshore the EU Bank Recovery and Resolution Directive in preparation for the U.K.'s exit from...more

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