
Publication
Essential Corporate News – Week ending 23 May 2025
The Companies and Limited Liability Partnerships (Annotation) Regulations 2025 and an accompanying Explanatory Memorandum were published on 14 May 2025.
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The amending legislation closes loopholes and replaces outdated law to incentivise good industry practice, and these small changes are considered necessary to ensure that the UK ETS can be efficiently utilised to reduce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
The Companies and Limited Liability Partnerships (Annotation) Regulations 2025 and an accompanying Explanatory Memorandum were published on 14 May 2025.
Publication
The Regulator’s annual funding statement for private sector DB schemes was published on April 29, 2025. It is the first such statement since the new DB funding regime came into force from September 22, 2024, onwards.
Publication
The Regulator's annual DB funding statement for 2025 was published on April 29, 2025. This statement and the accompanying analysis paper are particularly relevant to schemes with valuation dates between September 22, 2024, and September 21, 2025, now known as Tranche 24/25 or T24/25 to reflect the calendar year (previously known as Tranche 20 or T20).
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