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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 | June 2023
On June 19, 2023, the FCA published a new webpage on its Defined Benefit Advice Assessment Tool (DBAAT), incorporating rule changes that have come into force since October 1, 2020, and its non-Handbook guidance on advising on pension transfers.
The latest version includes a section on assessing abridged advice and contingent charging, and the FCA has updated the sections on information collection, suitability and disclosures to reflect the changes made in its policy statement on pension transfer advice (PS20/6).
The updated facility includes DBAAT explainer videos and FAQs.
The FCA launched the DBAAT in January 2021 to help firms and pension transfer specialists understand how it assesses the suitability of DB pension transfer and related investment advice and disclosures. It recommends that they use the tool to assess their own past advice on DB transfers, although this is not a requirement.
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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