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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

Gibson Dunn—London partner promotions

Gibson Dunn—London partner promotions

Firm grows international bench with expanded UK partner class

Shakespeare Martineau—six appointments

Shakespeare Martineau—six appointments

Firm makes major statement in the capital with strategic growth at The Shard

Myers & Co—Jess Latham

Myers & Co—Jess Latham

Residential conveyancing team expands with solicitor hire

NEWS
One in five in-house lawyers suffer ‘high’ or ‘severe’ work-related stress, according to a report by global legal body, the Association of Corporate Counsel (ACC)
The Legal Ombudsman’s (LeO’s) plea for a budget increase has been rejected by the Law Society and accepted only ‘with reluctance’ by conveyancers
Overcrowded prisons, mental health hospitals and immigration centres are failing to meet international and domestic human rights standards, the National Preventive Mechanism (NPM) has warned
Two speedier and more streamlined qualification routes have been launched for probate and conveyancing professionals
Workplace stress was a contributing factor in almost one in eight cases before the employment tribunal last year, indicating its endemic grip on the UK workplace
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