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Global rules on foreign direct investment (FDI)
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
United Kingdom | Publication | June 2022
The Pensions Regulator has launched a ‘Deadline’ campaign warning trustees that they must be prepared for their pensions dashboards deadline. This comes after Chris Curry of the Pensions Dashboards Programme confirmed that a basic working prototype of the dashboard has been successfully tested.
To assist trustees with meeting their responsibilities, the Regulator has also published new guidance based on the draft dashboard regulations which the DWP recently consulted on.
Key takeaways from the guidance for trustees include checking their connection deadline, engaging early with relevant advisers and service providers and ensuring member data is up-to-date and accurate. A helpful ‘Preparing to Connect’ checklist is also included.
Further guidance on preparing for dashboards connection is expected from the Regulator later this year. This will reflect the final regulations and the standards currently being developed by the Money and Pensions Service (MaPS).
Publication
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
Publication
On February 2, 2024, the Belgian Presidency of the Council of the European Union confirmed that the Committee of Permanent Representatives had signed the Artificial Intelligence (AI) Regulation, referred to as the AI Act. Approval by the EU Parliament followed on 13 March 2024, and the AI Act is likely to appear in the EU’s Official Journal around May 2024. The AI Act aims to establish a stringent legal framework governing the development, marketing, and utilisation of artificial intelligence within the region, thereby marking a significant advancement in the regulation of this burgeoning domain.
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The EU’s Artificial Intelligence Regulation, commonly referred to as the AI Act, is expected to come into force during the summer of 2024 (the AI Act). The AI Act will be the first comprehensive legal framework for the use and development of artificial intelligence (AI), and is intended to ensure that AI systems developed and used in the EU are safe, transparent, traceable, non-discriminatory and environmentally friendly.
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