The UK Payment Systems Regulator (PSR) has published its first formal five-year strategy. The Strategy centres on four priorities: 1) access to and choice of payment options, 2) user protection, 3) promotion of competition, and 4) interbank system infrastructure. The
Zero-emission bus (ZEB) technology has reached a stage where the whole-life cost of a ZEB fleet is broadly similar to that of an equivalent internal combustion engine (ICE) bus fleet. Although the operating costs of ZEBs are lower than those
The UK National Security and Investment Act 2021 (NSIA) came into force on 4 January 2022. It significantly enhances the UK’s investment screening powers. Certain acquisitions will now be subject to mandatory pre-completion notification and must be suspended until approval
Procuring zero-emission buses (ZEBs) involves complete system procurement and requires a fundamentally different approach to that taken in respect of new diesel or petrol buses. In this first of two GT Advisories, Richard Hughes of Greenberg Traurig LLP looks at
In December 2021, the UK Financial Conduct Authority (FCA) published a consultation to set a higher standard of consumer protection in retail financial markets, an endeavor which began in July 2018. At the core of the proposed new rules is
On Dec. 15 Prime Minister Boris Johnson announced the appointment of Baroness Heather Hallett as chair of the forthcoming public inquiry into the COVID-19 pandemic. The British government committed to holding a public inquiry to investigate the UK’s response to
The Appointed Representatives Regime (ARR), a well-known and important feature of the UK regulatory landscape, enables certain businesses – Appointed Representatives (ARs) – to conduct regulated activities without having to be authorised by the Financial Conduct Authority (the FCA). The
To expedite decisions to prevent or stop consumer harm, the Financial Conduct Authority (FCA) has implemented a controversial change to its decision-making procedures. The change forms part of the FCA’s wide-ranging “Transformation Programme” that seeks (in summary) to make the
The UK has implemented ambitious legislation requiring that UK’s greenhouse gas (GHG) emissions be net zero by 2050. The introduction of electric vehicles (EVs), which are included in the category of ultra-low emission vehicles (ULEVs), is a key aspect of