Publication
Hopcraft
On August 1, 2025, the UK Supreme Court delivered its long-awaited judgment in Hopcraft v Close Brothers Limited and on 3 August the FCA announced it would consult on a redress scheme.
Companies House guidance on verification for corporate trustees
United Kingdom | Publication | April 2025
Under the Economic Crime and Corporate Transparency Act 2023, new regulatory requirements mean company directors and other individuals will need to verify their identity. These measures will affect corporate trustees.
From April 8, 2025, company directors, persons with significant control, relevant officers of a registrable relevant legal entity and members of limited liability partnerships can choose to verify their identity with Companies House. From Autumn 2025, verification is due to become mandatory for new directors. There is expected to be a 12-month transition period for existing directors and other affected persons, with their identities being required to be verified by Autumn 2026.
Guidance on the new requirements has been published by Companies House.
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Recent publications
Publication
Another contract remediation exercise for EU financial entities?
The European Banking Authority (EBA) is currently consulting on its draft guidelines on the sound management of third party risk (Draft Guidelines), which are intended to replace the 2019 guidelines on outsourcing arrangements (2019 Guidelines).
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UK Government releases interim response to consultations regarding the UK Emissions Trading Scheme expansion to maritime
The UK Emissions Trading Scheme Authority (consisting of the UK Government and relevant devolved administrations) (the Authority) has released an interim response (the Response) following its November 2024 consultation which considered implementing the UK Emissions Trading Scheme (the UK ETS) for the maritime sector and the potential further expansion of the UK ETS to additional maritime emissions.
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