UK Knowledge Collection | Product conformity marking, managing ill-health, and the Register of Overseas Entities
Published on 4th August 2023
Welcome to this week's Knowledge Collection
The UK government announced this week that it intends to extend indefinitely recognition of CE marking for placing most goods on the market in Great Britain. Our Insight explores the consequent potential for confusion, especially as the EU and UK regimes start to diverge.
The Office for National Statistics has published a report on rising ill-health and economic inactivity due to long-term sickness from 2019 to 2023. The prevalence of mental health conditions illustrates the importance for employers in supporting and managing employees with such conditions.
Fines, criminal sanctions and an inability to deal with its registered real estate in England and Wales are the potential repercussions for an overseas entity that fails to comply with its annual duty to notify Companies House of its beneficial owners. A filing is required even where there have been no changes. Our Insight looks at the impact of non-compliance on transactions.
The Building Safety Act 2022 aims to create a new system of regulation and accountability in the construction and operation of high-rise residential buildings in England. Our briefing considers the implications for lenders when structuring, investigating and documenting the debt financing of these buildings.
Next month, we kick off our autumn programme of events with a webinar series on the new procurement regime, and two in-person events at our London office: one examining the tax treatment of carried interest and one on M&A transactions in the tech sector. We close September with a webinar looking at cryptoasset regulation in the EU and UK.
Insights
Ofgem announces GB energy market reforms
Minimum capital requirements for domestic energy suppliers set by Ofgem are to change in 2025 as part of its reforms to improve supplier resilience. It is also consulting on potentially far-reaching new customer service requirements for the domestic market and expanding the rules relating to the non-domestic market.
UK government heralds 'indefinite' CE marking recognition in GB market
The government's decision to recognise CE marking indefinitely means businesses no longer need to switch fully over to the UKCA marking for 18 categories of products. Businesses will need to consider the regulations carefully in determine whether a UKCA or CE mark is more appropriate.
UK Employment Law Coffee Break
This week's update for employers looks at the recent Office for National Statistics report on long-term sickness, and new tribunal guidance on alternative dispute resolution, including on the recently introduced "dispute resolution appointment".
Overseas entities holding real estate in England and Wales must update their beneficial ownership registrations
One year on from the introduction of the Register of Overseas Entities, affected businesses are reminded they have an annual duty to update, or they face potentially serious consequences.
How does the Building Safety Act 2022 impact lending in England?
In this briefing, we consider the impact of the Act on financing tall buildings with a residential element (in England only) and some of the issues that lenders will need to consider.
Events
Procurement Act 2023 | KPIs, exclusion and debarment
12 September | 09:00-10:00
We will discuss the new rules around monitoring supplier performance in public contracts, how and when suppliers could be excluded from a public procurement, and how the new debarment list will work.
Procurement Act 2023 | A new age of transparency
20 September | 09:00-09:45
The Procurement Act requires authorities to publish information during a procurement process and beyond. What notices can suppliers expect to see?
Carried interest structures
London Wall | 26 September| 08:30-11:00
A breakfast seminar on some of the topical issues and pitfalls for carried interest, its tax treatment and structural issues.
Tech transactions: M&A in an uncertain market
London Wall | 28 September | 17:00-19:00
A panel discussion on the challenges and opportunities of tech M&A transactions in unpredictable market conditions.
The EU's MiCAR legislation and a UK perspective
29 September | 13:30-15:00
Our financial regulation team from around Europe will discuss the EU's Markets in Crypto-assets Regulation, and compare the new regulatory framework for the European Economic Area with emerging UK policy.
