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 | August 2024
On August 16, 2024, the Chancellor launched the UK pensions review promised in the Labour party’s election manifesto. It is to be run by Emma Reynolds, the Minister for Pensions, and the first phase is focussed on investment and the terms of reference set out the four areas where policy development will be targeted initially.
The first phase of the review will focus on developing policy in four areas:
Initial findings are due to be reported later this year ahead of the introduction of the Pension Schemes Bill. The second phase is due to start later in 2024 and, alongside investment, will consider further steps to improve pension outcomes, including assessing retirement adequacy. Ongoing policy development in the DB workplace pension sphere will remain separate from the review.
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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