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 | June 2022
Since December 10, 2019, trustees have been complying with the Consumer and Markets Authority’s Investment Consultancy and Fiduciary Management Market Investigation Order 2019, which sets expectations in relation to setting objectives for investment consultants and undertaking tender processes for fiduciary management providers.
Following its 2019 consultation on the CMA Order, the Department for Work and Pensions has now published its response and has laid before Parliament the regulations which will integrate the Order into existing pensions legislation and move oversight of compliance from the CMA to the Pensions Regulator from October 1, 2022.
Trustees will be pleased to note that the DWP’s regulations largely replicate the current Order although there is a widening of scope in some areas - our June Briefing provides a more detailed breakdown of the changes and how the new regulations will apply to trustees from October.
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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