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Keeping your dawn raid guidance current
Unannounced inspections or ‘dawn raids’ are used by antitrust authorities to obtain evidence when there are suspicions that individuals or businesses have infringed the antitrust rules.
United Kingdom | Publication | July 2023
On July 13, 2023, the Regulator published its annual report and accounts for 2022 to 2023, revealing that it met, or almost met, 19 out of 23 of its key performance indicators. Three of the four that were missed related to the DB funding code, the General Code and pensions dashboards, which all require legislative change.
The Regulator highlights its focus on trustee diversity and inclusion, and also the importance of the impact of climate change on their investment decisions.
The Regulator’s annual expenditure was £6.4m, which is within budget. Other achievements outlined in the report include assessing and authorising the UK’s first collective DC scheme and a new master trust and intervening in 22 per cent of schemes, an increase on last year’s 16 per cent.
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Unannounced inspections or ‘dawn raids’ are used by antitrust authorities to obtain evidence when there are suspicions that individuals or businesses have infringed the antitrust rules.
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The EU Foreign Subsidies Regulation, or FSR, is intended to prevent or remedy distortions of the EU internal market caused by “foreign” – meaning non-EU – subsidies benefitting companies active in the EU.
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The English High Court has given its judgment in the legal battle between FW Aviation (FWA) and VietJet Aviation Joint Stock Company (VietJet). This case revolved around the enforcement of leasing agreements for four Airbus aircraft and the alleged interference by VietJet in the aircraft’s repossession in Vietnam.
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