Publication
Impact of PSR and other financial rules on ownership
An in-depth analysis of the Premier League’s PSR framework, its enforcement and its influence on club ownership, valuations and financial strategy.
United Kingdom | Publication | November 2023
Minor amendments to the legislation governing the UK ETS have been laid in Parliament and are intended to come into force on 1 January 2024. The amendments follow on from the Government’s response to the March 2022 consultation on reforming the UK ETS scheme (see our previous article: The UK Emissions Trading Scheme (UK ETS): Consultation Response).
The UK ETS was established in January 2021, to replace the UK’s participation in the EU Emissions Trading System (EU ETS) after the Brexit transition period. Like the EU ETS, the UK ETS is designed to tackle greenhouse gas emissions through a cap-and-trade scheme.
The amending legislation is focused on supporting the ongoing transformation of energy systems and transition to a low carbon economy, and will have the following effects:
The amending legislation closes loopholes and replaces outdated law to incentivise good industry practice, and these small changes are considered necessary to ensure that the UK ETS can be efficiently utilised to reduce emissions and support the UK’s progress towards net zero. NRF will continue to track developments in this field and provide further updates on amendments to the UK and EU ETS, so that we can continue to support clients across all key environmental and carbon markets.
With thanks to Rebecca Bell for her contributions.
Publication
An in-depth analysis of the Premier League’s PSR framework, its enforcement and its influence on club ownership, valuations and financial strategy.
Publication
Now in its sixth year, our annual English Premier League (EPL) football report, Keeping Possession, captures insights from our global sports law team on the key trends and topics shaping the landscape of English football.
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