Publication
Government Investigations in Singapore 2025
We have contributed the Singapore chapter of Getting the Deal Through, Government Investigations 2025.
United Kingdom | Publication | June 2023
Laura Trott, the Pensions Minister, has announced that the connection deadline for the pensions dashboard programme is to be delayed to October 31, 2026, for all schemes.
The draft Pensions Dashboards (Amendment) Regulations 2023 were published on June 8, 2023. The existing dashboard regulations include a staging timetable setting out the implementation of the dashboard duties for the largest schemes first, with the staging dates dependent on a scheme's total number of "relevant members" (that is, active, deferred and pension credit members, but not pensioners).
The draft Regulations will introduce a single "connection deadline" of October 31, 2026, for all occupational pension schemes with 100 or more relevant members at the scheme year end between April 1, 2023, and March 31, 2024. Schemes will be able to request a 12-month extension to this deadline but only under narrow circumstances. The "dashboards available point" (the date from which pensions dashboards will be available for the public to use) could be earlier than this.
The Pensions Minister also confirmed that the staging timetable will be set out in guidance on which the Government will collaborate with industry this year. The draft Regulations allow the Government to issue connection guidance either separately or jointly with the Money and Pensions Service (MaPS) or the Regulator. The updated guidance is expected to be published shortly.
There have been criticisms that the omission of new staging deadlines from the draft Regulations gives rise to uncertainty. There is also concern that guidance-based staging dates which will not be published until a later date may result in some schemes losing momentum and deferring taking the necessary preparatory action.
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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