Publication
Avoiding legal and regulatory pitfalls in digital transformation projects
This article first appeared in the September 2024 issue of Financier Worldwide.
United Kingdom | Publication | April 2022
The former owner of Norton Motorcycles, Stuart Garner, has been handed an eight month jail sentence, suspended for two years.
This was for breaching pension laws restricting employer-related investments. Mr Garner pleaded guilty earlier this year to breaching the rules by investing more than five per cent of assets from three pension schemes in the business. He was the schemes’ sole trustee at the time.
Mr Garner was also disqualified from acting as a company director for three years and ordered to pay the Pensions Regulator’s prosecution costs.
This is an important reminder to trustees that breach of the employer-related investment rules is a criminal offence which can result in fines, a jail sentence or both.
Publication
This article first appeared in the September 2024 issue of Financier Worldwide.
Publication
The Digital Markets, Competition and Consumers Act (DMCC Act) received Royal Assent on 24 May 2024 and is generally expected to come into force in autumn this year.
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).
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2023