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 November 20, 2023, the Work and Pensions Committee published the Government's response to its report on DB pension schemes with liability driven investments (LDI) following its June 2023 report.
The response confirms that, despite concerns expressed by the Committee the new DB funding and investment regulations will be laid before Parliament in "due course".
The response acknowledges the impact of the events of September 2022 on DB schemes and confirms that the Regulator will be monitoring adherence to its guidance in respect of leveraged LDI and capital buffers. However, the Government stated that there is no direct means for the Regulator to restrict LDI use, as scheme investment strategies are ultimately a decision for trustees and sponsors.
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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