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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 | June 2022
The 2022 – 2024 plan sets out the Regulator’s upcoming priorities for the next two years, with a focus on five key strategic priorities to look out for:
Priority | Key Regulatory Actions |
Security: ensuring pension savers’ money is secure | Notifiable Events: Confirmation that the planned changes to the notifiable events regime will become operational in due course. DB Funding Code: Expected to be operational from September 2023. Scams: A revised Pension Scams Strategy will be published during 2022. |
Value for Money: ensuring pension savers get good value for money | Value for Members Assessment: A 2022 Regulatory Initiative will assess how TPR will identify and address non-compliance and work with schemes to implement the assessment actions. DC Value for Money: TPR and the FCA will continue to work on a holistic value for money assessment framework with a consultation expected by the end of 2022. |
Scrutiny of decision-making: ensuring that decisions made on behalf of pensions savers are in their best interests | FCA-TPR Regulatory Strategy: An update to the joint strategy will be published in the second half of 2022. Single Code of Practice: Publication expected during 2022. Equality, Diversity & Inclusion: Action plan for best practice to improve EDI on trustee boards expected in the first half of 2022. ESG & Climate Change: Regulatory Initiative on the ESG / investment regulations and the publication of compliant statements of investment principles and implementation statements expected. |
Embracing innovation: ensuring the market innovates to meet the needs of pension savers | Dashboards: Secondary legislation and standards expected in 2022. Largest schemes will begin connecting from April 2023. TPR will also launch its own education programme for schemes. Collective DC Schemes: Trustees can apply for authorisation from August 1, 2022. Regulations intended to broaden the market further are also expected. |
Bold and effective regulation: ensuring TPR is a bold and effective regulator | The Regulator will work to improve its own performance, particularly its resilience to climate change and its environmental impact. |
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Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
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Artificial intelligence (AI) raises many intellectual property (IP) issues.
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Taking place across three webinars, our team of experienced lawyers and consultants, along with industry professionals and regulators, explore the latest ESG developments and trends within financial services regulation. This series takes a cross jurisdictional perspective, covering ESG financial services regulation and trends from across the globe.
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