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Government Investigations in Singapore 2025
We have contributed the Singapore chapter of Getting the Deal Through, Government Investigations 2025.
United Kingdom | Publication | July 2023
On June 29, 2023, the FCA published a policy statement on broadening the range of investor access to the long-term asset fund (LTAF) and setting out final rules to give retail investors and more DC pension schemes access to LTAFs. LTAFs are a new category of investment fund providing investor access to long-term illiquid assets such as venture capital, real estate and infrastructure. Previously, access was limited to DB schemes and the default arrangement within qualifying DC schemes.
The final rules came into force of July 3, 2023, and subject LTAFs to additional protections under the FCA's high risk investment framework.
The FCA is seeking views by August 10, 2023, on whether the protections of the Financial Services Compensation Scheme (FSCS) should be available for LTAFs. The FCA wishes to establish a clear position on this before LTAFs are launched to retail consumers, and if it decides to take this forward will consult quickly on the scope of FSCS protection for LTAFs.
Publication
We have contributed the Singapore chapter of Getting the Deal Through, Government Investigations 2025.
Publication
The private credit market and direct lending have grown and diversified immensely in the past decade, offering alternative sources and terms of debt compared to those historically provided by the syndicated leveraged loan and public issuance markets. Consequently, they are fast becoming pivotal components in the capital ecosystem, so much so that the Bank of England consider that the private credit market is currently responsible for approximately $1.8 trillion of debt issuance, which is four times its size in 2015. This growth has been particularly pronounced in Europe and the US but there has also been significant activity in Asia.
Publication
The EU’s Artificial Intelligence Regulation, commonly referred to as the AI Act, is expected to come into force during the summer of 2024 (the AI Act). The AI Act will be the first comprehensive legal framework for the use and development of artificial intelligence (AI), and is intended to ensure that AI systems developed and used in the EU are safe, transparent, traceable, non-discriminatory and environmentally friendly.
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