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Ireland
On 31 October 2023, the Screening of Third Country Transactions Act 2023 (the “Act”), which establishes a new foreign direct investment ("FDI") screening regime in Ireland, was enacted.
United Kingdom | Publication | February 2024
The 2024 Corporate Governance Code was published by the Financial Reporting Council on January 22, 2024, and is the key source of corporate governance recommendations for companies with a premium listing for financial years beginning on or after January 1, 2025. It consists of 18 Principles of good governance and 41 Provisions.
Provision 38 covers pensions and is unchanged from the previous version of the Code published in 2018. It recommends that only basic salary is pensionable and executive directors’ contribution rates (or payment in lieu) should be aligned with those available to the workforce. Any changes in pensionable remuneration, or contribution rates, should be carefully considered when compared to arrangements for the wider workforce.
Publication
On 31 October 2023, the Screening of Third Country Transactions Act 2023 (the “Act”), which establishes a new foreign direct investment ("FDI") screening regime in Ireland, was enacted.
Publication
The EU Foreign Subsidies Regulation, or FSR, is intended to prevent or remedy distortions of the EU internal market caused by “foreign” – meaning non-EU – subsidies benefitting companies active in the EU.
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The conventional wisdom is that ‘securitisation caused the great financial crisis’ (GFC). A further piece of conventional wisdom is that this was due to the misalignment of incentives between securitisation originators and securitisation investors . This conventional wisdom in turn drove much of the regulation of securitisation we now have.
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