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Essential Corporate News – Week ending 8 November 2024
On 6 November 2024, the Home Office published guidance under section 204 Economic Crime and Corporate Transparency Act 2023 (ECCTA).
United Kingdom | Publication | February 2022
The EU has set a binding target of achieving climate neutrality by 2050. This requires current greenhouse gas emission levels to drop substantially over the next decades. As an intermediate step towards climate neutrality, the EU has raised its 2030 climate ambition, committing to cutting emissions by at least 55% by 2030.
The Fit for 55 package is a set of proposals to revise and update EU legislation and implement new initiatives with the aim of ensuring that EU policies are in line with the climate goals agreed by the Council and the European Parliament.
The EU is working on the revision of its climate, energy and transport–related policies in order to align current laws with the 2030 and 2050 ambitions. The package is intended to provide a coherent framework for reaching the EU's climate objectives, which:
The Fit for 55 package proposals are initially presented and discussed at a technical level within the relevant policy specific Council working party in advance of going before the EU Member States’ ambassadors.
The Fit for 55 package was submitted to the Council in July 2021 and discussions are currently being held to prepare the ground for an agreement on the proposals among the 27 EU Member States.
25/11/2021 – Internal market and industry ministers take stock of Fit for 55 package |
02/12/2021 – Energy Council takes stock of progress on Fit for 55 energy proposals |
07/12/2021 – Progress on Fit for 55 from an economic perspective |
09/12/2021 – Fit for 55: EU ministers discuss transport proposals |
20/12/2021 – Environment ministers take stock of progress on the Fit for 55 package |
In separate articles, we consider the impact of Fit for 55 on the Built Environment and new consultations to raise energy efficiency standards in buildings in England and Wales.
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On 6 November 2024, the Home Office published guidance under section 204 Economic Crime and Corporate Transparency Act 2023 (ECCTA).
Publication
On 6 November 2024, the UK Takeover Panel (Panel) published response statement RS 2024/1 - Companies to which the Takeover Code applies (Response Statement) setting out final rule changes that will result in a refocusing and significant narrowing of the types of companies subject to the UK Takeover Code (Code). This follows on from the Panel’s previous consultation on this topic in April 2024.
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On 01 August 2024, the European Commission (EC) launched a public consultation on the draft text of the Guidelines on the application of Article 102 TFEU to abusive exclusionary conduct by dominant undertakings (the draft Guidelines).
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