Publication
Ireland
On 31 October 2023, the Screening of Third Country Transactions Act 2023 (the “Act”), which establishes a new foreign direct investment ("FDI") screening regime in Ireland, was enacted.
United Kingdom | Publication | September 2024
The Regulator has explained in a blog published on August 29, 2024, why trustees of DC schemes must “seize this opportunity to shape one of the biggest revolutions in pensions policy since auto enrolment”.
The Regulator has been working with the Financial Conduct Authority on a value for money framework consultation for contract-based schemes, and the DWP has committed to introducing equivalent legislation for trust-based DC schemes in the upcoming Pension Schemes Bill. Trustees are encouraged to engage with the value for money consultation, which closes on October 17, 2024.
The value for money framework will require schemes to:
The Regulator will encourage master trusts and large single-employer schemes to adopt the framework early in order to shape the legislative regime that will follow in the Pension Schemes Bill.
Publication
On 31 October 2023, the Screening of Third Country Transactions Act 2023 (the “Act”), which establishes a new foreign direct investment ("FDI") screening regime in Ireland, was enacted.
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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