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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
On February 8, 2024, the PPF announced that it has partnered with Aviva, who will provide a DC discharge solution for hybrid schemes.
The PPF is only able to pay DB benefits thus, when a PPF-eligible pension scheme with a DC element experiences an employer insolvency, these benefits must be transferred to a DC discharge provider before the PPF can complete the transfer of the pension scheme.
The PPF said that the Aviva Master Trust will provide a solution to ensure that members’ DC benefits are protected. Trustees will also be able to look at the options available to them in the wider DC market to ensure that members are receiving the best possible outcome.
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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