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Avoiding legal and regulatory pitfalls in digital transformation projects
This article first appeared in the September 2024 issue of Financier Worldwide.
United Kingdom | Publication | May 2022
The Regulator is urging pension schemes to take action now to ensure they are ready for dashboards and promises to take action against non-compliance.
Chief executive Charles Counsell and head of policy David Fairs have appeared at pensions industry conferences in recent weeks to warn that the “clock is ticking” on pensions dashboards and to recommend preparatory steps. Schemes of all sizes and types should:
Recognising the complexities of the dashboard proposals, Mr Counsell and Mr Fairs have said that the Regulator will be “supportive and pragmatic”. But they have also warned that the Regulator will “be assertive if we see intentional non-compliance”.
Publication
This article first appeared in the September 2024 issue of Financier Worldwide.
Publication
The Digital Markets, Competition and Consumers Act (DMCC Act) received Royal Assent on 24 May 2024 and is generally expected to come into force in autumn this year.
Publication
On 26 July 2024, the People’s Bank of China (PBOC) and the State Administration of Foreign Exchange (SAFE) jointly released revised rules in respect of the investments into China’s financial market through the Qualified Foreign Institutional Investor and Renminbi Qualified Foreign Institutional Investor (collectively, QFII) regime (the New Rules).
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