Publication
Reforming the Consumer Credit Act 1974
Among the documents that the Government published last December as part of its Edinburgh reforms was a consultation paper on reforming the UK’s Consumer Credit Act 1974 (CCA 1974).
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Global | Publication | July 2018
We have previously reported on new minimum energy efficiency standards (MEES) when letting domestic and commercial premises in England and Wales.
Since April 1, 2018 a landlord cannot grant a lease or tenancy of a sub-standard property. A “sub-standard” property is a property that does not achieve an “E” Energy Efficiency Certificate (EPC) rating or higher. There are a number of exemptions, but a landlord can only rely on an exemption by registering it with supporting documentary evidence in a public Private Rented Sector (PRS) Exemptions Register.
The government has recently published guidance on available exemptions and PRS Exemptions Register evidence requirements. The exemptions covered by the guidance are
Most of the exemptions last for five years. After expiry, the landlord must try again to improve the property’s EPC rating but if this cannot be achieved, a further exemption may be registered.
Prospective landlords should note that
Publication
Among the documents that the Government published last December as part of its Edinburgh reforms was a consultation paper on reforming the UK’s Consumer Credit Act 1974 (CCA 1974).
Publication
The European Union’s Foreign Subsidies Regulation (the FSR) entered into force on 12 January 2023 and creates a new regime aimed at combating distortions of competition on the EU internal market caused by foreign subsidies. It imposes mandatory notification and approval requirements for acquisitions of significant EU businesses and large EU public tenders, and gives the European Commission (EC) extensive powers to launch ex officio investigations. The notification requirements go live on 12 October 2023.
Publication
The European Commission’s (the “Commission’s”) 1997 notice on the definition of relevant market for purposes of competition law (the “1997 Notice”) is now more than 25 years old. In light of significant developments in both decisional practice and market dynamics, the Commission is updating the 1997 notice. The draft revised notice (the “Draft Notice”) was published for comments in November 2022, with the Draft Notice expected to be finalised in the third quarter of 2023.
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