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Legislation round-up

23 October 2008
Issue: 7342 / Categories: Legislation
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Legislation news update

In force

27 Oct 2008

Legislation
Insurance Companies (Overseas Life Assurance Business) (Compliance) (Amendment) Regulations 2008 (SI 2008/2627)

Summary
Amend the Insurance Companies (Overseas Life Assurance Business) (Compliance) (Amendment) Regulations 1995 (SI 1995/3237) to update cross-references to primary legislation. Guidance on the changes will be incorporated in HMRC’s Life Assurance Manual and its OLAB Guidance Notes.

In force
31 Oct 2008

Legislation
Statutory Auditors and Third Country Auditors (Amendment) (No 2) Regulations 2008 (SI 2008/2639)

Summary
Amend the Statutory Auditors and Third Country Auditors Regulations 2007 (SI 2007/3494) (SATCAR) to give effect to Commission Dec 2008/627/EC of 29 July 2008, concerning a transitional period for audit activities of certain third country auditors and audit entities. That decision is made under Directive 2006/43/EC on statutory audits of annual accounts and consolidated accounts. They make provision in respect of “exempt third country auditors”: auditors from a list of third countries set out in the definition of “specified third country” in reg 2(2). If the Professional Oversight Board (POB) has directed that other provisions of SATCAR are not to apply to such auditors, the provisions in these amending regulations apply to them.

In force
3 Nov 2008

Legislation
Bail (Electronic Monitoring of Requirements) (Responsible Officer) Order 2008 (SI 2008/2713)

Summary
Specifies the persons responsible for the electronic monitoring of a person’s compliance with a requirement imposed as a condition of bail. Electronic monitoring requirement is imposed in respect of more than one bail condition which relates to different police areas.

Issue: 7342 / Categories: Legislation
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MOVERS & SHAKERS

Gilson Gray—Linda Pope

Gilson Gray—Linda Pope

Partner joins family law team inLondon

Jackson Lees Group—five promotions

Jackson Lees Group—five promotions

Private client division announces five new partners

Taylor Wessing—Max Millington

Taylor Wessing—Max Millington

Banking and finance team welcomes partner in London

NEWS
Limited liability partnerships (LLPs) are reportedly in the firing line in Chancellor Rachel Reeves upcoming Autumn budget
Transferring anti-money laundering (AML) and counter-terrorism financing supervision to the Financial Conduct Authority (FCA) could create extra paperwork and increase costs for clients, lawyers have warned 
In this week's NLJ, Bhavini Patel of Howard Kennedy LLP reports on Almacantar v De Valk [2025], a landmark Upper Tribunal ruling extending protection for leaseholders under the Building Safety Act 2022
Writing in NLJ this week, Hanna Basha and Jamie Hurworth of Payne Hicks Beach dissect TV chef John Torode’s startling decision to identify himself in a racism investigation he denied. In an age of ‘cancel culture’, they argue, self-disclosure can both protect and imperil reputations
As he steps down as Chancellor of the High Court, Sir Julian Flaux reflects on over 40 years in law, citing independence, impartiality and integrity as guiding principles. In a special interview with Grania Langdon-Down for NLJ, Sir Julian highlights morale, mentorship and openness as key to a thriving judiciary
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