UK Municipal Bonds Agency
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UK Municipal Bonds Agency
The UK Municipal Bonds Agency (UK MBA) is Local Government Funding Agency that exists primarily to reduce councils' capital long term financing costs in the United Kingdom. It allows local authorities to diversify funding sources and borrow at a lower cost than is available from Central Government via the Public Works Loan Board of the UK Debt Management Office, which is part of HM Treasury. The agency will sell municipal bonds on the capital markets, raising funds that it will then lend to councils. History The UK MBA was founded in 2014. It was founded by, is owned by and lends to Local Authorities within the United Kingdom. As of January 2016, 56 local authorities as well as the LGA and the Greater Manchester Combined Authority, have signed up as shareholders in the UK Municipal Bonds Agency. Shortly before December 2015, a framework document setting out the working of the UK MBA was also distributed to councils with Cambridgeshire County Council becoming the first local ...
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Public Limited Company
A public limited company (legally abbreviated to PLC or plc) is a type of public company under United Kingdom company law, some Commonwealth jurisdictions, and the Republic of Ireland. It is a limited liability company whose shares may be freely sold and traded to the public (although a PLC may also be privately held, often by another PLC), with a minimum share capital of £50,000 and usually with the letters PLC after its name. Similar companies in the United States are called ''publicly traded companies''. Public limited companies will also have a separate legal identity. A PLC can be either an unlisted or listed company on the stock exchanges. In the United Kingdom, a public limited company usually must include the words "public limited company" or the abbreviation "PLC" or "plc" at the end and as part of the legal company name. Welsh companies may instead choose to end their names with , an abbreviation for '. However, some public limited companies (mostly nationalised co ...
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Local Government Association
The Local Government Association (LGA) is the national membership body for local authorities. Its core membership is made up of 339 English councils and the 22 Welsh councils through the Welsh Local Government Association.   The LGA is politically-led and cross-party. As the national voice of local government, it works on behalf of councils to give local government a strong, credible voice with national government, to promote the positive reputation of the sector and to secure funding and powers on behalf of councils and the communities they serve. Through itprogramme of practicalpeer-based support it helps councils continuously to improve and innovate and it co-ordinates collective legal actions on behalf of the sector. The LGA also provides membership services to other organisations through an associate scheme, including fire and rescue  authorities, national parks authorities, town councils, police & crime commissioners and elected mayors of combi ...
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Financial Reporting Council
The Financial Reporting Council (FRC) is an independent regulator in the UK and Ireland based in London Wall in the City of London, responsible for regulating auditors, accountants and actuaries, and setting the UK's Corporate Governance and Stewardship Codes. The FRC seeks to promote transparency and integrity in business by aiming its work at investors and others who rely on company reports, audits and high-quality risk management. In December 2018, an independent review of the FRC, led by Sir John Kingman, recommended its replacement by a new Audit, Reporting and Governance Authority, a recommendation followed by the government in March 2019. Ireland adopted the FRC's auditing framework in 2017. Structure The FRC is a company limited by guarantee, and is funded by the audit profession, who are required to contribute under the provisions of the Companies Act 2006 and by other groups subject to, or benefitting from FRC regulation. Its board of directors is appointed by ...
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Sheffield City Region Combined Authority
The South Yorkshire Mayoral Combined Authority is the combined authority for South Yorkshire in England, with powers over transport (public transport and major trunk roads only), economic development and regeneration. It covers a total area of 3484 km2 which is home to a population of 1.8 million. It includes the entirety of the metropolitan county of South Yorkshire as full members, with North East Derbyshire, Derbyshire Dales, Bassetlaw, Chesterfield and Bolsover non-metropolitan Districts as non-constituent members. The authority's first mayoral election took place on Thursday 3 May 2018, coinciding with the 2018 United Kingdom local elections. Between April 2014 and May 2018 the authority was known as the Sheffield City Region Combined Authority and then as the Sheffield City Region Mayoral Combined Authority between May 2018 and September 2021 when the present name was adopted. History The Sheffield City Region was one of eight city regions defined in the 2004 do ...
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Barnsley Metropolitan Borough Council
Barnsley Metropolitan Borough Council is the local authority of the Metropolitan Borough of Barnsley in South Yorkshire, England. It is a metropolitan district council, one of four in South Yorkshire and one of 36 in the metropolitan counties of England, and provides the majority of local government services in Barnsley. History The current local authority was first elected in 1973, a year before formally coming into its powers and prior to the creation of the Metropolitan Borough of Barnsley on 1 April 1974. The council gained borough status, entitling it to be known as Barnsley Metropolitan Borough Council. Political control Since 1973, political control of the council has been held by the following parties: References {{Metropolitan districts of England Metropolitan district councils of England Local authorities in South Yorkshire Leader and cabinet executives Local education authorities in England Billing authorities in England 1973 establishments in England Co ...
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Deutsche Bank
Deutsche Bank AG (), sometimes referred to simply as Deutsche, is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Stock Exchange. It was founded in 1870 and grew through multiple acquisitions, including Disconto-Gesellschaft in 1929 (as a consequence of which it was known from 1929 to 1937 as Deutsche Bank und Disconto-Gesellschaft or "DeDi-Bank"), Bankers Trust in 1998, and Deutsche Postbank in 2010. As of 2018, the bank's network spanned 58 countries with a large presence in Europe, the Americas, and Asia. As of 2021, Deutsche Bank was the 21st largest bank in the world by total assets and 93rd in the world by market capitalization. It is a component of the DAX stock market index, and often referred to as the largest German banking institution even though the Sparkassen-Finanzgruppe comes well ahead in terms of combined assets. Deutsche Bank has bee ...
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Canaccord Genuity
Canaccord Genuity Group Inc. is a global, full-service investment banking and financial services company that specializes in wealth management and brokerage in capital markets. It is the largest independent investment dealer in Canada. The firm focuses on growth companies, with operations in 10 countries worldwide and the ability to list companies on 10 stock exchanges. Canaccord Genuity, the international capital markets division, is based in Canada, with offices in the US, the UK, France, Germany, Ireland, Hong Kong, China, Singapore, Dubai, Australia, and Barbados. Canaccord Genuity provides mergers and acquisitions, corporate finance, restructuring, debt advisory, and strategic advice for corporate, government, and private-equity clients globally. The firm's practice areas include aerospace and defense, agriculture, clean technology and sustainability, consumer and retail, energy, financials, health care, and life sciences, infrastructure, leisure, media and telecommunicatio ...
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Merrick Cockell
Sir Merrick Richard Cockell (born 16 June 1957) is a Conservative politician in the United Kingdom, former Leader of the Royal Borough of Kensington and Chelsea and former Chairman of the Local Government Association. He was made a Knight Bachelor in 2010. Early life Cockell was born on 16 June 1957 to Peter Colvile Cockell and Hildegard Christina Cockell (née Kern). He was educated at Pierrepont School, Frensham. Career Cockell became a trader with F. M. Barshall Ltd. From 1977 to 1982, he served the company overseas in Ghana, Togo, Sierra Leone, Gambia, and China. In 1982 he founded and became a director of Abingdon Cockell Ltd, an import-export company, remaining with it until 2006. He has served as a director of Localis, a local government think-tank, since 2008 and as its Chairman since 2009.‘COCKELL, Sir Merrick (Richard)’, in ''Who's Who 2011'' (London: A. & C. Black, 2011) From 1999 he was also a director of Peter Barshall Ltd. In 1990, as a director of the importe ...
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Taxpayers
A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, or national), and tax compliance refers to policy actions and individual behaviour aimed at ensuring that taxpayers are paying the right amount of tax at the right time and securing the correct tax allowances and tax reliefs. The first known taxation took place in Ancient Egypt around 3000–2800 BC. A failure to pay in a timely manner ( non-compliance), along with evasion of or resistance to taxation, is punishable by law. Taxes consist of direct or indirect taxes and may be paid in money or as its labor equivalent. Most countries have a tax system in place, in order to pay for public, common societal, or agreed national needs and for the functions of government. Some levy a flat percentage rate of taxation on personal annual income, but mos ...
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Cambridgeshire County Council
Cambridgeshire County Council is the county council of Cambridgeshire, England. The council consists of 61 councillors, representing 59 electoral divisions. The council is based at New Shire Hall at Alconbury Weald, near Huntingdon. It is a member of the East of England Local Government Association. Since May 2021, it has been run by a joint administration of the Liberal Democrats, Labour Party, and independent groups. History Cambridgeshire County Council was first formed in 1889 as a result of the Local Government Act 1888, as one of two county councils covering Cambridgeshire; the other was the Isle of Ely County Council. In 1965 the two councils were merged to form Cambridgeshire and Isle of Ely County Council. This arrangement lasted until 1974 when, following the Local Government Act 1972, Cambridgeshire and Isle of Ely was merged with Huntingdon and Peterborough to form a new non-metropolitan county of Cambridgeshire under the control of a newly constituted Cambri ...
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Greater Manchester Combined Authority
The Greater Manchester Combined Authority (GMCA) is a combined authority for Greater Manchester, England. It was established on 1 April 2011 and consists of 11 members; 10 indirectly elected members, each a directly elected councillor from one of the ten metropolitan boroughs that comprise Greater Manchester together with the directly elected Mayor of Greater Manchester. The authority derives most of its powers from the Local Government Act 2000 and Local Democracy, Economic Development and Construction Act 2009, and replaced a range of single-purpose joint boards and quangos to provide a formal administrative authority for Greater Manchester for the first time since the abolition of the Greater Manchester County Council in 1986. The planning policies of the GMCA were developed in the 2000s by the Association of Greater Manchester Authorities in the ''Greater Manchester Strategy''. It is a strategic authority with powers over public transport, skills, housing, regeneration, wast ...
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Capital Markets
A capital market is a financial market in which long-term debt (over a year) or equity-backed securities are bought and sold, in contrast to a money market where short-term debt is bought and sold. Capital markets channel the wealth of savers to those who can put it to long-term productive use, such as companies or governments making long-term investments. Financial regulators like Securities and Exchange Board of India (SEBI), Bank of England (BoE) and the U.S. Securities and Exchange Commission (SEC) oversee capital markets to protect investors against fraud, among other duties. Transactions on capital markets are generally managed by entities within the financial sector or the treasury departments of governments and corporations, but some can be accessed directly by the public. As an example, in the United States, any American citizen with an internet connection can create an account with TreasuryDirect and use it to buy bonds in the primary market, though sales to individual ...
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