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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 | March 2024
In October 2023, the DWP launched a consultation on proposed changes to the structure and rates of the General Levy. The levy is paid by occupational and personal pension schemes and covers the funding provided by the DWP in respect of the core activities of the Regulator, the Pensions Ombudsman and the pensions-related activities (excluding Pension Wise) of the Money and Pensions Service (MaPS).
Of the three options set out in the consultation, the Government has elected to proceed with option 2, which was supported by a large majority of those who responded. This entails retaining the current levy structure and increasing the rate by 6.5 per cent per year.
The Occupational and Personal Pension Schemes (General Levy) (Amendment) Regulations 2024 have been made and laid in both Houses of Parliament. They are due to come into force on April 1, 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.
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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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