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Avoiding legal and regulatory pitfalls in digital transformation projects
This article first appeared in the September 2024 issue of Financier Worldwide.
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
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).
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