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International Restructuring Newswire
Welcome to the Q4 2024 edition of the Norton Rose Fulbright International Restructuring Newswire.
United Kingdom | Publication | October 2024
Steps are being taken to raise the bar on Master Trust activities in the absence of legislative requirements.
Master Trust trustees are aware that there are already stringent regulations in place for Master Trust trustees to deliver national economic growth, and undertake effective investment stewardship to drive real-world change. There is now additional encouragement on voluntary adherence to all the principles of the Effective System of Governance (ESOG) processes. The ESOG principles of compliance are as follows:
While there is no obligation for Master Trust trustees to comply with ESOG, it is suggested that compliance with it could result in better governance, and could maintain savers’ confidence in the trust.
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Welcome to the Q4 2024 edition of the Norton Rose Fulbright International Restructuring Newswire.
Publication
The European Union’s Foreign Subsidies Regulation (the FSR) aims to combat distortions of competition on the EU internal market caused by “foreign” – meaning non-EU – subsidies.
Publication
On 2024 an independent expert panel (Panel) published its report (Report) setting out detailed proposals for a UK corporate re-domiciliation regime. This follows on from broadly supportive responses to an earlier government consultation on the topic.
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