The Regulator has confirmed that the consolidated single code of practice, originally expected in Autumn 2022, will be called the General Code and is now expected to be published this Spring. This could mean any time up to the summer recess, starting on July 20, 2023.

For our analysis of the draft Code, and a summary of the actions trustees and employers should now be putting in train,  please see our briefings for July, August and October 2022, and our February 2023 webinar.
 


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Lesley Browning
Lesley Browning
Partner
Email
lesley.browning@nortonrosefulbright.com
T: +44 20 7444 2448 / +44 77 1030 3311
Shane O'Reilly
Shane O'Reilly
Partner
Email
shane.o'reilly@nortonrosefulbright.com
T: +44 (20) 74443895

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Recent publications

digital face

Publication

Prepare for change: How businesses can thrive under the EU AI Act

On February 2, 2024, the Belgian Presidency of the Council of the European Union confirmed that the Committee of Permanent Representatives had signed the Artificial Intelligence (AI) Regulation, referred to as the AI Act. Approval by the EU Parliament followed on 13 March 2024, and the AI Act is likely to appear in the EU’s Official Journal around May 2024. The AI Act aims to establish a stringent legal framework governing the development, marketing, and utilisation of artificial intelligence within the region, thereby marking a significant advancement in the regulation of this burgeoning domain.

Global | July 17, 2024

Artificial intelligence (AI)

Publication

Private Credit: Public Challenges

The private credit market and direct lending have grown and diversified immensely in the past decade, offering alternative sources and terms of debt compared to those historically provided by the syndicated leveraged loan and public issuance markets. Consequently, they are fast becoming pivotal components in the capital ecosystem, so much so that the Bank of England consider that the private credit market is currently responsible for approximately $1.8 trillion of debt issuance, which is four times its size in 2015. This growth has been particularly pronounced in Europe and the US but there has also been significant activity in Asia.

Global | July 11, 2024

Banking and finance

Publication

Artificial intelligence and liability: key takeaways from recent EU legislative initiatives

The EU’s Artificial Intelligence Regulation, commonly referred to as the AI Act, is expected to come into force during the summer of 2024 (the AI Act). The AI Act will be the first comprehensive legal framework for the use and development of artificial intelligence (AI), and is intended to ensure that AI systems developed and used in the EU are safe, transparent, traceable, non-discriminatory and environmentally friendly.

Global | July 10, 2024

Technology
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