![Global rules on foreign direct investment](https://www.nortonrosefulbright.com/-/media/images/nrf/nrfweb/knowledge/publications/us_24355_legal-update--fdi-alert.jpeg?w=265&revision=a5124a65-abf9-40e4-8e96-9df39ffdb212&revision=5250068427347387904&hash=96B456347C3246E5649838DF281C5F5D)
Publication
Global rules on foreign direct investment (FDI)
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
United Kingdom | Publication | February 2022
Schemes may need to change how they calculate their statutory money purchase illustrations (SMPIs). This may mean tweaking member communications.
The Financial Reporting Council (FRC) has proposed changes to its technical memorandum that sets out how SMPIs have to be produced. It is looking to standardise the assumptions used. This is because, in order for Dashboards (see item 1. above) to be able to maximise member engagement, illustrations from different schemes will need to be consistent so as to be more easily compared.
If the proposals are confirmed, trustees may want to check with their SMPI providers that the illustrations will be updated in line with the new guidance and in good time for use in annual statements and on the Dashboard. They should also consider what (if anything) to communicate to members about this in order to reassure members and pre-empt queries if the illustrations will be changing.
Publication
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
Publication
Artificial intelligence (AI) raises many intellectual property (IP) issues.
Publication
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.
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2023