Publication
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 | February 2024
On January 30, 2024, HM Treasury published the Securitisation Regulations 2024. The explanatory memorandum to the Regulations notes that the FCA, rather than the Regulator as previously, will have responsibility for supervising securitisations by pension schemes.
The Regulations are largely unaltered from the draft published in November 2023 containing changes such as the removal of due diligence requirements for occupational pension schemes acting as institutional investors in securitisations.
Further legislation dealing with the due diligence requirements for pension schemes is due to be laid later in 2024.
Publication
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.
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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