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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 | March 2022
The Pensions Regulator has made small changes to its quick guide. These focus on how additional documents can be attached and referred to in the chair’s statement.
Trustees preparing a DC chair’s statement will need to check that how they refer to the default statement of investment principles (SIP) and illustrative examples is in line with revised guidance.
Last April the DWP acknowledged (as part of a post implementation review of the regulations governing the chair’s statement) that the requirements for chair’s statements needed to be looked at again. The statements are typically too long, complicated and costly to produce. However, until it produces a simplified framework, trustees must continue to ensure they are meeting the current expectations.
Publication
This article first appeared in the September 2024 issue of Financier Worldwide.
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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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