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
On April 6, 2024, the new DB scheme funding regulations came into force, setting out the revised DB funding framework which includes the requirement for schemes to have a funding and investment strategy.
Trustees must ensure they have a funding and investment strategy within 15 months of the first scheme valuation dated on or after September 22, 2024. We looked at the new version of the regulations in detail in our February 2024 briefing.
Schemes should note that transitional provisions mean that the current statutory funding objective continues to have effect until a scheme is required under the new legislation to have a funding and investment strategy in place, as above.
Meanwhile, the Regulator is consulting on the form of the trustees’ statement of strategy and has requested responses by April 16, 2024. We also await the new DB funding code, which we understand should be available in May or June this year.
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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