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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 | November 2022
On November 11, 2022, the Regulator, the FCA and MaPS issued a joint press release warning to pension savers to be on their guard against pension scams, amid concerns that strained household finances could leave savers especially vulnerable.
The three bodies, all members of the Pension Scams Action Group which is a multi-agency taskforce dedicated to keeping savers safe from scams, have expressed concern that fears over the economy, such as recent extreme movements in gilt yields, may prompt savers to make rushed decisions about their finances and pension pots. A spokesperson for the Regulator emphasised that pension schemes are not at risk of collapse, and savers who have seen recent headlines over the economy should access free online advice services such as the Government’s MoneyHelper and the FCA's ScamSmart sites.
Scam warnings are likely to be repeated frequently as the cost of living crisis bites and savers are tempted by fraudsters to access their pension funds.
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.
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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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