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 | December 2023
On December 8, 2023, the FCA and HM Treasury published a joint discussion paper setting out proposals to help people make more informed investment and pensions decisions. The proposals form part of the joint advice guidance boundary review.
The regulators acknowledge that it can be difficult for consumers to identify when they need support and when they do, their needs are not fully being met. This is referred to as the "advice gap" and three proposals to close it are offered.
General insurance, mortgages and debt advice are outside the scope of the review, as is advising on transferring out of a DB scheme or giving up other safeguarded pension benefits.
Comments are requested by February 28, 2024.
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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