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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
The Government has recognised “unlocking institutional investment”, particularly DC pension capital, as a long-term ambition and has announced “an ambitious life sciences package to support economic growth”.
It has now published a summary of responses to its March 2023 call for feedback on the Long-term Investment for Technology and Science (LIFTS) initiative, on which it is working with the British Business Bank (BBB). The objectives of the BBB are to unlock UK institutional investment, encourage investment into UK science and technology companies and to stimulate venture capital. In its development of the LIFTS project, the BBB has called for proposals from industry, with announcements of those to be taken forward expected in November 2023. The submission deadline for proposals is July 28, 2023.
The PLSA has also published a paper identifying measures to increase pension fund investment in UK growth.
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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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