Publication
Keeping your dawn raid guidance current
Unannounced inspections or ‘dawn raids’ are used by antitrust authorities to obtain evidence when there are suspicions that individuals or businesses have infringed the antitrust rules.
United Kingdom | Publication | May 2023
The FCA is concerned about overseas firms targeting the UK pension benefits of DB scheme members living overseas. It reminds UK firms engaging with overseas firms, or offering advice to scheme members based outside the UK in relation to a possible transfer of their DB benefits, to have regard to their regulatory responsibilities.
On April 27, 2023, the FCA published some online guidance for UK firms engaging with overseas firms or offering transfer advice to scheme members based outside the UK.
The FCA explains how the overseas advice model works and outlines circumstances where different scenarios involving overseas advice models are likely to result in poor consumer outcomes. It also provides examples on how those in the UK advising on potential benefit transfers can prevent and detect possible harm, and how they can support good consumer outcomes.
Where the FCA becomes aware that a firm is engaging in practices that are likely to result in significant consumer harm, it will take appropriate action, which may include opening an enforcement investigation.
Publication
Unannounced inspections or ‘dawn raids’ are used by antitrust authorities to obtain evidence when there are suspicions that individuals or businesses have infringed the antitrust rules.
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 English High Court has given its judgment in the legal battle between FW Aviation (FWA) and VietJet Aviation Joint Stock Company (VietJet). This case revolved around the enforcement of leasing agreements for four Airbus aircraft and the alleged interference by VietJet in the aircraft’s repossession in Vietnam.
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