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Government Investigations in Singapore 2025
We have contributed the Singapore chapter of Getting the Deal Through, Government Investigations 2025.
United Kingdom | Publication | September 2023
On August 24, 2023, the Regulator updated the following guidance:
The guidance has been updated to help DC pension schemes comply with new regulations designed to ensure they consider all the investment opportunities available to achieve best value for savers.
On the first occasion when the SIP is updated after October 1, 2023, trustees will have to state their policy on investing in illiquid assets in the default SIP. They will also be required to disclose the asset class breakdown for each of their scheme’s default arrangements in the Chair’s statement for the first scheme year ending after October 1, 2023.
Trustees have also been able to exclude certain performance-based fees from the default fund charge cap since April 6, 2023, where they consider this is in members’ interests. Exempted fees are to be disclosed the in Chair’s statement.
The Regulator intends to monitor closely the impact of these changes and trustees’ approach to delivering the best outcome for pension savers.
These changes are an interim update while the Regulator waits for Parliamentary time to scrutinise the new General Code (hopefully this Autumn) which will replace 10 existing Codes of Practice, including the DC Code.
Publication
We have contributed the Singapore chapter of Getting the Deal Through, Government Investigations 2025.
Publication
The private credit market and direct lending have grown and diversified immensely in the past decade, offering alternative sources and terms of debt compared to those historically provided by the syndicated leveraged loan and public issuance markets. Consequently, they are fast becoming pivotal components in the capital ecosystem, so much so that the Bank of England consider that the private credit market is currently responsible for approximately $1.8 trillion of debt issuance, which is four times its size in 2015. This growth has been particularly pronounced in Europe and the US but there has also been significant activity in Asia.
Publication
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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