A regular briefing for the alternative asset management industry. 

Welcome to the second edition of Travers Smith's Crisis Management and Investigations Circular, providing a bite-size round-up of recent developments in the world of crisis management and investigations.

In November 2025, the European Commission published its legislative proposal to update the EU Sustainable Finance Disclosure Regulation (dubbed "SFDR 2.0"), which was preceded a week before by a leaked draft version that was widely discussed in the media.

Commercial property landlords have been in limbo for over five years as to whether and when the current MEES requirement of an EPC E rating would be increased.  Meanwhile, they learnt from the Warm Homes Plan that residential properties in the PRS must have an EPC C rating by October 2030.

A regular briefing for the alternative asset management industry. 

Geopolitical pressures, technological disruption and shifting energy markets are reshaping what it means to transition to a more sustainable economy. This edition examines how three sectors, energy, defence and digital, are navigating the transition and reviews the regulatory and financial framework that will determine whether the transition succeeds.

In this edition, we look at infrastructure and energy measures in the King's Speech, how the UK is proposing to decouple gas and electricity prices, the latest state of play on data centres and the impact of conflict in the Middle East.  We also discuss whether pre-development costs should get preferential tax treatment and VAT on electric vehicle charging, together with a range of other regulatory issues affecting the infrastructure and energy sectors.