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 | July 2023
On July 10, 2023, the Chancellor set out in a speech at Mansion House the Government’s intended strategy to boost outcomes for savers and increase funding liquidity for high-growth companies through reforms to the UK’s pension market.
Seeking to make the UK capital markets more attractive, the Chancellor has proposed widespread changes across the pensions system. The measures are intended to enable the financial sector to unlock capital for industries and increase returns for savers, while supporting UK economic growth.
There is also confirmation of a commitment from 9 of the biggest providers in the DC retail and master trust market to earmark 5 per cent of their default fund assets to private equity investments by 2030.
The measures affecting occupational pension schemes include a multitude of new consultations and calls for evidence on a diverse range of topics:
All these consultations run until September 5, 2023.
Several responses on previous consultations are also included:
Together with a report on Analysing the impact of private pension measures on member outcomes.
These new reforms have the potential to introduce wide-ranging changes particularly for the DC sector. We will look in more detail at these proposals in our next briefing later this month.
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