Publication
Global rules on foreign direct investment (FDI)
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
Second reading for Pensions Dashboards (Prohibition of Indemnification) Bill
United Kingdom | Publication | July 2022
A Private Member’s Bill, supported by the DWP, had its second reading in the House of Commons on July 15, 2022.
The Pensions Dashboards (Prohibition of Indemnification) Bill seeks to correct an oversight in the Pension Schemes Act 2021. Under the current legislation, if the Regulator takes enforcement action for non-compliance, including imposing a financial penalty, there is nothing specifically to prevent trustees from reimbursing themselves from scheme funds and the new Bill proposes to remove this ability.
We will update our April 2022 briefing on dashboard readiness for trustees to reflect the changes above.
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Recent publications
Publication
Prepare for change: How businesses can thrive under the EU AI Act
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
Private Credit: Public Challenges
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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