Publication
Global rules on foreign direct investment (FDI)
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
United Kingdom | Publication | November 2022
On October 27, 2022, the Pensions Dashboards Programme (PDP) published its sixth update report summarising its activity since April 2022, and its areas of focus up to April 2023.
The build is completed and the central digital architecture is now being tested. The PDP is now working with over 20 organisations as early participants, who are assisting in testing and refining the framework.
Alongside this, the various technical and operational standards which will enable pension providers and schemes to meet their connection duties, continue to be developed. The PDP will be publishing an updated draft for consultation of these standards “in the winter”. The PDP expects to review consultation responses and publish an updated version of the design standards in 2023.
The PDP emphasises that readying data is a critical part of the process for pension providers and schemes preparing to connect to pensions dashboards. The PDP has provided video guidance on how to cleanse data so that it is accurate and up-to-date.
The report also provides a link for signing up to the PDP progress newsletter.
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.
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.
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2023