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To swap or not to swap? Considerations in the face of counterparty insolvency Considers what happens when, in the absence of ISDA or other governing legal terms, a counterparty to a swap becomes insolvent before the final exchange date. A swap involving an initial exchange of value (such as a cross currency swap) is a form of ex... Outsourcing Risk: a sharp reminder Following a recent fine levied by the PRA, we remind firms of the steps they can take to mitigate the risks of a regulated outsourcing. A recent fine levied by the PRA in respect of failures at a small UK-based bank is a useful reminder for firms of th... P&E Update: Employment/Employee Benefits Bulletin ECJ: insourcing of services may be a relevant transfer; TUPE: clients intentions regarding "task of short-term duration"; Age discrimination: forfeiting LTIP benefits on retirement. Topics covered in this bulletin: Cases round-up ECJ: ins... European cyber security laws - a step closer Outlines the key points of the much awaited Network and Information Security (NIS) Directive. Recent high profile cyber breaches like TalkTalk, and media attention on the terror cyber threat have highlighted the need for Europe to implement adequate cy... The New EU Prospectus Regulation: An ECM perspective Considers the key changes proposed and issues raised by the New EU Prospectus Regulation for equity capital markets practitioners. On 30 November 2015, the European Commission published its proposals for a new prospectus regulation to reform the Europe... New DC Code of Practice published for consultation Focus on draft new DC Code of Practice published on 24th November 2015. A summary of the new draft Code of Practice on governance and administration of DC pension schemes published by the Pensions Regulator on 24th November, 2015. P&E Update: Pensions Bulletin Legislative changes flowing from DC flexibility and other tidying up changes; Draft Regulators Code of Practice published for consultation; Consultation on draft LGPS Investment Regulations. Topics covered in this bulletin: The Watch List New La... P&E Update: Employment/Employee Benefits Bulletin New publication: new rules on non-compete clauses in Sweden; constructive dismissal by pay cut is covered; City Link directors acquitted of failing to notify BIS. Topics covered in this bulletin: Stop Press Autumn Statement 2015: Employment aspects... P&E Update: Pensions Bulletin The Watch List; Reducing regulatory burdens: DWP Consultation; DWP response to consultation on investment regulations; Requirement to notify member of existence of GARs. Topics covered in this bulletin: Stop Press: Autumn Statement The Watch List Ne... P&E Update: Pensions Bulletin The Watch List; Banning member-borne commissions in auto-enrolment "qualifying schemes": DWP consultation; Scope for increased VAT recovery: New HMRC bulletin; Taxation of pensions consultation. The Watch List New Law banning member-borne...