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Low carbon projects
Low carbon projects, especially those involving hydrogen and Carbon Capture and Storage (CCS), play a crucial role in the journey towards global decarbonisation.
Draft regulations laid preserving the pension fund exemption from clearing obligations for OTC derivatives
United Kingdom | Publication | March 2025
On March 17, 2025, draft regulations were laid before Parliament to ensure that the pension fund exemption from clearing obligations does not expire.
The draft Pension Fund Clearing Obligation Exemption (Amendment) Regulations 2025, reflect the Treasury’s response to its earlier call for evidence on the exemption for UK over-the-counter pension fund investments in derivatives from clearing obligations under the European Market Infrastructure Regulation (EMIR). The exemption was due to expire on June 18, 2025, but it will now be maintained in the long term in the light of "clear evidence" that its removal would have several negative effects.
The draft regulations will come into force on the day after they are approved in Parliament.
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Essential Corporate News – Week ending 18 July 2025
On 15 July 2025 the Financial Conduct Authority (FCA) published its final rules in relation to reform of the UK prospectus regime (see PS 25/9: New rules for the public offers and admissions to trading regime), largely adopting the approach proposed in its consultation last summer. This is the latest step in the process of reforming the UK’s capital markets, following on from the overhaul of the UK Listing Rules (UKLR) in 2024.
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