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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 | April 2023
The PPF has published its proposed changes to the assumptions used when valuing a scheme after employer insolvency. The valuations are used in determining whether the scheme enters the PPF or goes on to buy-out with an insurer.
The changes are intended to ensure the PPF’s valuation assumptions better reflect those used by insurers and include: adopting a yield curve approach to determining liabilities in some circumstances; increasing the discount rates for certain tranches of benefit; a new model for mortality projections; and amending the calculation of expenses.
The new assumptions will take effect from May 1, 2023.
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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