Publication
Global rules on foreign direct investment (FDI)
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
United Kingdom | Publication | December 2022
The Regulator has published additional information on completing their 2023 scheme returns for DB and hybrid schemes.
The main change is the questions in the asset breakdown section to reflect the outcome of the Regulator’s 2021 consultation with the PPF. Asset information will be tier-based, depending on the size of the scheme’s total liabilities:
Schemes in Tiers 2 and 3 will need to provide information about their bond and equities holdings. Schemes in Tier 3 will also need to provide information on risk factor stresses.
The update includes sample scheme returns for both DB and hybrid schemes. Schemes will receive their return notices from February 1, 2023, with the submission deadline being March 31, 2023.
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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