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 | September 2023
On September 18, 2023, the DWP published an Independent Review of the Pensions Regulator. The review, on which Mary Starks the former chief economist at the FCA was the lead reviewer, was undertaken to ensure that the Regulator remains fit for purpose and the report concludes that it is broadly well-run and well-regarded. However, the review concluded prior to the Chancellor's Mansion House speech on July 10, 2023. The report concludes that the Regulator is broadly well-run and well-regarded, noting successes in its track record, for example, the implementation of automatic enrolment.
The report sets out 17 recommendations for the Regulator. These focus on three main areas:
We will examine the report in more detail in our October 2023 pensions briefing.
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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