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Global rules on foreign direct investment (FDI)
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
United Kingdom | Publication | August 2023
The Pensions Administration Standards Association Data Working Group has updated its guidance on dashboards data accuracy.
PASA notes that despite the dashboards reset, the Regulator strongly recommends schemes keep to the original connection timetable. In order to be ready, it is vital that schemes review their data and take the necessary action to ensure the key matching data is both present and accurate.
Accuracy testing and validation is a step further than typical data reviews, but PASA’s guidance can help schemes navigate the process. The PASA Data Working Group continues to advocate for more to be done in managing pension scheme data and encourage schemes to efficiently include this richer set of data actions in their wider data review and improvement plans.
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.
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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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