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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 | May 2023
The Pensions Dashboards (Prohibition of Indemnification) Act 2023 received Royal Assent on May 2, 2023. The new Act resolves an oversight in the Pensions Act 2021 and makes it a criminal offence for trustees to reimburse themselves from scheme assets in respect of penalties imposed under the pensions dashboards regulations.
Trustees guilty of such offences may be subject to a fine, imprisonment or both.
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.
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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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