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Global rules on foreign direct investment (FDI)
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
United Kingdom | Publication | January 2024
On January 10, 2024, the Regulator confirmed that its long-awaited new General Code had been finalised and laid before Parliament. It should come into force on March 27, 2024. Schemes are required to have an effective system of governance (ESOG) in place, which includes developing a risk management function and a remuneration policy. Schemes with 100 or more members will also need to develop an own risk management (ORA) system, which will assess the effectiveness of the ESOG and aim to mitigate potential risks to the scheme.
The content of the finalised Code is largely the same as that in the original draft published in March 2021, with some keys changes as set out below:
For more information, please see our previous briefings linked below. These will be updated to include the changes outlined above.
Turning up the heat on compliance, July 2022.
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Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
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Artificial intelligence (AI) raises many intellectual property (IP) issues.
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On 21 November 2023 and following extensive consultation periods, the amendment to the Climate Delegated Act (Delegated Regulation (EU) 2021/2139 of 4 June 2021) (the Climate Delegated Act) was formally adopted by the European Commission and published in the EU Official Journal (Delegated Regulation (EU) 2023/2485 of 27 June 2023) (the Climate Delegated Act Amendment).
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