Publication
Global rules on foreign direct investment (FDI)
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
United Kingdom | Publication | May 2020
The operational resilience of all firms is now being significantly tested, across people, systems, controls and processes. All firms are experiencing some kind of issues to manage or at least be mindful of, and the crisis is also throwing up new and different challenges to meet. Retail customers can be particularly affected, and fair customer treatment is now brought into sharp relief. Expectations around this will evolve as the crisis does, and being both agile and consistent will be very important for firms over the coming period.
From a principles basis, there are broadly six key stages recognised by regulators:
Identify | Map | Assess | Test | Invest | Communicate |
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These are also reinforced by various communications from regulators, including the recent FCA Business Plan.
Publication
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
Publication
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
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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