Publication
Global rules on foreign direct investment (FDI)
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
United Kingdom | Publication | January 2023
On December 9, 2023, the PPF issued a press release announcing its consultation on proposed changes to the assumptions it uses when assessing whether a scheme enters the PPF or has its benefits bought out by an insurer.
The consultation proposals will update valuation assumptions to reflect lower pricing in the bulk annuity market, and updates include adopting a yield curve approach to determining liabilities when assessing schemes for PPF entry. It is proposed that the changes will affect valuations with an effective date on or after April 1, 2023.
Consultation will close on February 20, 2023.
Publication
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
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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