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UK Carbon Border Adjustment Mechanism: how will it work?
In February, we reported on the Department of Energy Security and Net Zero’s confirmation that a UK Carbon Border Adjustment Mechanism (CBAM) would be bought into force by 2027
Luxembourg | Publication | February 2024
On February 26, 2024, the EU Council adopted new regulations under the Capital Markets Union (CMU) framework, marking a significant milestone in the European Union's efforts to enhance the regulatory landscape for alternative investment fund managers (AIFMs) and "plain-vanilla" European Union (EU) investment funds, in the form of the Undertakings for Collective Investments in Transferable Securities regulatory framwework (UCITS). These regulations, designed to bolster investor protection, ensure financial stability and stimulate investment within the EU, introduce key provisions aimed at strengthening the supervision of AIFMs and facilitating the creation of simplified investment funds. The key provisions of these regulations are:
The directive will now be published in the European official Journal and will enter into force 20 days later. Member states will have 24 months after the entry into force to enact the rules into national legislation.
Publication
In February, we reported on the Department of Energy Security and Net Zero’s confirmation that a UK Carbon Border Adjustment Mechanism (CBAM) would be bought into force by 2027
Publication
International financial markets have started to show significant interest in nature and biodiversity. Whilst climate change and greenhouse gas emissions have made the headlines in recent years, there has been much less focus on their equally important counterparts, nature and biodiversity. However, that has started to change.
Publication
In April 2024, the UK Government published details of its sustainable aviation fuel mandate (the UK SAF Mandate) and launched a consultation on proposals for a revenue certainty mechanism to support UK sustainable aviation fuel (SAF) production.
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