Publication
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 | April 2024
There is a statutory requirement for the largest schemes to publish climate change governance reports and the Regulator has published its review of 30 such reports.
Where an occupational pension scheme has relevant assets of £1 billion or more at the end of a scheme year ending on or after March 1, 2022, it falls within the reporting requirements, and the Regulator’s review considered the quality and consistency of reporting against both the legal requirements and the statutory guidance.
The reports showed that trustees took a range of actions to address climate risks and opportunities. These included updating DC default lifestyle strategies to include sustainable funds, increasing allocation to low carbon tracker funds, and articulating stewardship priorities on climate change mitigation, climate change adaptation and avoiding biodiversity loss.
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.
Publication
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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