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Professional Sports: The Next Big Play in Dealmaking
In the past few years, the world of professional sports has seen unprecedented interest from investors.
Global | Publication | May 2023
The Government has recently published draft legislation that will provide businesses with an additional three years to comply with the transitional provisions relating to the registration of substances under UK REACH.
Registrations made under EU REACH whilst the UK was still in the EU were automatically transferred into UK REACH. Although there was a requirement for registrants to provide the Health & Safety Executive (the HSE) with further information relating to those substances by specific deadlines (depending on the status of the substance under UK REACH and the quantities in which the substance is manufactured or imported). The draft Reach (Amendment) Regulations 2023 (the Draft Regulations), laid in Parliament on 20 April 2023, will extend the current deadlines for the submission of that further information by three years as set out below.
The Draft Regulations also extend the period in which downstream users and distributors under UK REACH can import chemicals from the EU without submitting a full registration to the HSE. This is to ensure that period remains consistent with the extended deadlines outlined above.
In addition to these extensions, the Government will be developing and introducing a new registration model that will facilitate registrations that have been transferred from EU REACH to UK REACH.
When the Draft Regulations come into force this will be the second time that the deadline for submissions will have been extended by legislation, and recognises the significant administrative burden placed on both businesses and the HSE due to the transitional registration requirements under UK REACH.
Publication
In the past few years, the world of professional sports has seen unprecedented interest from investors.
Publication
On 10 December 2024, the Companies (Accounts and Reports) (Amendment and Transitional Provision) Regulations 2024 were laid before Parliament, together with an Explanatory Memorandum.
Publication
On 28 November 2024, the Financial Conduct Authority (FCA) published CP24/2, Part 2 in relation to its controversial ‘name and shame’ proposals, having trailed this in oral evidence before the House of Lords Financial Services Regulation Committee earlier in November.
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