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Government Investigations in Singapore 2025
We have contributed the Singapore chapter of Getting the Deal Through, Government Investigations 2025.
United Kingdom | Publication | March 2024
In October 2023, the DWP launched a consultation on proposed changes to the structure and rates of the General Levy. The levy is paid by occupational and personal pension schemes and covers the funding provided by the DWP in respect of the core activities of the Regulator, the Pensions Ombudsman and the pensions-related activities (excluding Pension Wise) of the Money and Pensions Service (MaPS).
Of the three options set out in the consultation, the Government has elected to proceed with option 2, which was supported by a large majority of those who responded. This entails retaining the current levy structure and increasing the rate by 6.5 per cent per year.
The Occupational and Personal Pension Schemes (General Levy) (Amendment) Regulations 2024 have been made and laid in both Houses of Parliament. They are due to come into force on April 1, 2024.
Publication
We have contributed the Singapore chapter of Getting the Deal Through, Government Investigations 2025.
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.
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The EU’s Artificial Intelligence Regulation, commonly referred to as the AI Act, is expected to come into force during the summer of 2024 (the AI Act). The AI Act will be the first comprehensive legal framework for the use and development of artificial intelligence (AI), and is intended to ensure that AI systems developed and used in the EU are safe, transparent, traceable, non-discriminatory and environmentally friendly.
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