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 | March 2024
On March 4, 2024, ahead of the Budget, Chancellor Jeremy Hunt announced pension fund reforms as another step in the Government’s plan to boost British business and increase returns for savers. The reforms include:
The Regulator and the FCA will have a full range of intervention powers.
The plans, which do not affect DB schemes, build on the “Mansion House Reforms” that encouraged pension funds to invest at least 5 per cent of their assets in unlisted equity. However, it is unclear how the “Britishness” of assets would be defined for these purposes.
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.
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2023