Endorsement Definition

GLOSSARY

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What does Endorsement mean?

a document that amends an insurance policy, for example to impose an exclusion, vary the sum or property insured, or to extent the policy period.

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EU and UK Wire Transfer Regulations—timeline to 31 December 2023 [Archived]

EU and UK Wire Transfer Regulations—timeline to 31 December 2023 [Archived] ARCHIVED: This Practice Note is archived and is no longer maintained. For UK developments see: AML/CTF/CPF—timeline of UK legal and regulatory developments for financial services. For EU developments see: AML/CTF/CPF—timeline of EU legal and regulatory developments for financial services. This timeline outlines the developments in relation to the Wire Transfer Regulation (Regulation (EU) 2015/847) (also known as the Funds Transfer Regulation (FTR)), its predecessor the Wire Transfer Regulation (Regulation (EU) 1781/2006) and the Recast EU WTR2 (also referred to as the Recast EU Transfer of Funds Regulation (EU FTR2)) which entered into force in June 2023 and applies from 30 December 2024 and forms part of the wider European Commission 2021 legislative package overhauling the European Union’s AML/CTF legal framework and regulatory requirements. It further includes the onshoring of EU WTR2 through the Retained Regulation (EU) 2015/847 (UK WTR2) and relevant updates brought in through the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017,...

Bank Recovery and Resolution Directive (BRRD)—timeline [Archived]

Bank Recovery and Resolution Directive (BRRD)—timeline [Archived] Archived:This timeline has been archived. For developments from January 2024 onwards, see EU Bank Recovery and Resolution Directive—timeline if they relate to the EU BRRD, or UK bank recovery and resolution regime—timeline if they relate to the UK bank recovery and resolution regime, For further guidance on the EU BRRD, see Practice Note: Bank Recovery and Resolution Directive (BRRD)—essentials. For further guidance on the UK bank recovery and resolution regime, see Practice Note: The UK bank recovery and resolution regime. Date Source Document Description 20 December 2023 European Banking Authority The EBA publishes amendments to disclosures and reporting on MREL and TLAC The European Banking Authority (EBA) has published its final draft implementing technical standards (ITS) on amendments to disclosure and reporting of the minimum requirement for own funds and eligible liabilities (MREL) and the total loss absorbency requirement (TLAC). The amendments reflect the new requirement to deduct investments in eligible liabilities instruments of entities belonging to the same resolution group, the...

Tier 1 (Investor): key practical considerations [Archived]

Tier 1 (Investor): key practical considerations [Archived] ARCHIVED: The Tier 1 (Investor) category was closed to initial applications, without warning, from 16:00 on 17 February 2022 through Statement of Changes in Immigration Rules CP 632. Those with existing leave in the route are still be able to extend their stay, including making an application for entry clearance outside the UK if they have held leave as a Tier 1 (Investor) migrant in the 12-month period preceding the date of application, and apply for settlement. Extension applications made inside or outside the UK must be submitted by 17 February 2026. Applications for settlement must be made before 17 February 2028. For further information, see: LNB News 17/02/2022 76. This Practice Note, which was last updated prior to the introduction of post-Brexit work and study routes in December 2020, further to Statement of Changes in Immigration rules HC 617, has been retained in archived form for historical interest. Anti-money laundering requirements and other client due diligence procedures Matters...

Statement of Changes in Immigration Rules, HC 693—analysis [Archived]

Statement of Changes in Immigration Rules, HC 693—analysis [Archived] This analysis covers the main changes to the Immigration Rules (the Rules) set out in HC 693 that are likely to be of most interest to business immigration advisers. It is possible to navigate to specific topics quickly using the Contents bar at the bottom of the page. HC 693 was issued on 16 October 2014 and covers a wide range of new measures including: • the introduction of new procedural rules and Appendix AR, which covers the administrative review (AR) procedure which replaces appeal rights for Tier 4 students and their family members, who have not made a human rights or protection claim • substantive changes to the Tier 1 (Investor) category, further to the government's consideration of a related report from the Migration Advisory Committee which was published earlier in the year • what many commentators are calling the 'final death knell' of the Points-Based System (PBS), with the introduction of genuineness and related subjective tests into...

Discover our 382 Practice Notes on Endorsement

Application notice seeking a declaration that a transaction is void under section 284 of the Insolvency Act 1986

Application notice seeking a declaration that a transaction is void under section 284 of the Insolvency Act 1986 Note: This Precedent should be used in conjunction with an application notice template that complies with the Insolvency (England and Wales) Rules 2016, SI 2016/1024—see: • (Form IAA) IR 2016, r 1.35 VAR Insolvency Act Application Notice INSOLVENCY ACT APPLICATION NOTICE CASE NO: [insert case number] [ IN THE HIGH COURT OF JUSTICE BUSINESS AND PROPERTY COURTS OF ENGLAND AND WALES INSOLVENCY AND COMPANIES LIST (ChD) OR IN THE HIGH COURT OF JUSTICE BUSINESS AND PROPERTY COURTS IN [insert location] INSOLVENCY AND COMPANIES LIST (ChD) OR IN THE HIGH COURT OF JUSTICE CHANCERY DIVISION [insert location] DISTRICT REGISTRY OR IN THE COUNTY COURT AT [insert location] ] IN THE MATTER OF [insert bankrupt’s name] IN BANKRUPTCY AND IN THE MATTER OF THE INSOLVENCY ACT 1986 BETWEEN [Insert name(s) of the Applicant(s)] Applicant(s) AND [Insert name(s) of the Respondent(s)] Respondent(s) This application is made under section...

Policy—social media

Policy—social media STOP PRESS: In December 2023 the Information Commissioner’s Office (ICO) published draft guidance on keeping employment records and recruitment and selection. This Precedent will be updated once the ICO draft guidance is finalised. 1 Introduction 1.1 The Company recognises that internet and social media platforms are used as a means of communication both at work and at home. This policy outlines the standards we require staff to observe when using social media, the circumstances in which the Company will monitor use of social media and the action we will take if this policy is breached. This policy should be read in conjunction with our [Internet, email and communications policy], which sets out how the Company’s internet and email systems and networks can be used by our staff and representatives. 1.2 This policy applies to all individuals, including employees, workers, temporary and agency workers, contractors, interns, volunteers and apprentices (referred to as ‘staff’ in this policy). 1.3 Staff should refer to the Company’s...

Dive into our 51 Precedents related to Endorsement

Under the Creative Worker route, can the individual (outside of the UK) be self-employed and simply paid a fee rather than a salary or do they need to be employed by a sponsor?

Under the Creative Worker route, can the individual (outside of the UK) be self-employed and simply paid a fee rather than a salary or do they need to be employed by a sponsor? The Practice Note: Sponsoring a Creative Worker confirms that ‘[t]o sponsor creative artists through the Creative Worker route, the sponsor must be operating or intending to operate in the creative sector. Examples of organisations that could sponsor a creative artist include a national body, event organiser, producer, venue, agent or other similar organisation. There does not need to be a direct employment relationship with the sponsor, but the sponsor must be willing to take on all of the relevant sponsor duties and responsibilities’. Where this applies, the sponsor may be subject to closer scrutiny and monitoring to ensure that the relevant sponsor duties can be met. See: Worker and Temporary Workers Sponsor Guidance, Sponsor a Creative Worker, Specific criteria for a Creative sponsor licence. The Immigration Rules provide that the Certificate of Sponsorship must...

If a Global Talent applicant is applying for endorsement in the science, engineering, humanities and medicine disciplines under the standard ‘full peer review’ criteria, should the supporting reference letter/s be dated within three months of the date of application? Also, could other supporting documents, not specified in the Immigration Rules or guidance (eg, an additional reference letter and/or a letter from the applicant explaining his CV and publications), strengthen the application? Finally, how should publications be evidenced?

If a Global Talent applicant is applying for endorsement in the science, engineering, humanities and medicine disciplines under the standard ‘full peer review’ criteria, should the supporting reference letter/s be dated within three months of the date of application? Also, could other supporting documents, not specified in the Immigration Rules or guidance (eg, an additional reference letter and/or a letter from the applicant explaining his CV and publications), strengthen the application? Finally, how should publications be evidenced? The eligibility criteria for applications for endorsement in the science, engineering, humanities and medicine disciplines under the standard ‘full peer review’ criteria of the Global Talent route are set out in the Immigration Rules, Appendix Global Talent, paras GTE 8.1, GTE 8.8–GTE 8.10 (as supplemented by the Home Office’s relevant Global Talent caseworker guidance). Information specific to endorsement by peer review can also be found on the dedicated GOV.UK webpage. Each of the endorsing bodies provide specific guidance on peer review applications on their websites, and these are in similar terms (Royal Society,...

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Binding nature of dispositive part of award and revival of tribunal’s jurisdiction in English arbitration (AZ v BY)

Arbitration analysis: In this ruling, the English Commercial Court found in favour of the binding nature of the dispositive part of an arbitral award in an arbitration under the English Arbitration Act 1996 (EAA 1996), holding that the dispositive wording of the award constitutes a comprehensive statement of the remedies awarded by the tribunal equivalent to a court order following trial. The court also confirmed that by virtue of the overarching party autonomy rule, a tribunal’s jurisdiction could be revived after issuance of a final award with the express agreement of the parties and the tribunal. Written by Dr Gordon Blanke, founding principal at Blanke Arbitration.

Inheritance (Provision for Family and Dependants) Act 1975—no award for costs (Jassal v Shah)

Private Client analysis: Costs are the hot topic in litigation under the Inheritance (Provision for Family and Dependants) Act 1975. A striking first-instance judgment, varied without enthusiasm on appeal, gives practitioners something to chew over while they await the Supreme Court’s decision in Hirachand v Hirachand. At first instance, a cohabitee claimant was awarded a half-interest in a property and a lump sum of £385,000, of which £140,000 was a contribution towards their litigation costs. The court then made a nominal order of no order as to costs. On appeal, the provision for costs was set aside, and a ‘traditional’ costs order was made in the claimant’s favour. But the appeal court expressed unease at the artificial separation of costs and award in this litigation. The problems with which the Supreme Court must grapple in Hirachand are plain to see. Written by James McKean, barrister at New Square Chambers.

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