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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 | August 2023
The Regulator TPR has published a blog in which Louise Davey, Director of Regulatory Policy, Analysis and Advice, explains how and why pension schemes should encourage member take-up of the Government's enhanced digital Midlife MOT.
Ms Davey calls on schemes to signpost Midlife MOTs to members via this link, especially those aged between 45 and 65, and suggests that schemes should fully integrate the resource into the support they already offer to their members.
The Regulator’s and FCA’s joint review of the pensions consumer journey sets out support for the Midlife MOT as pensions cannot be seen separately from levels of saving and debt, day-to-day household finances, and length of working life. The Regulator would like to see planning for the overall pensions journey start as early as possible and taking the Midlife MOT should be seen as an essential part of it.
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Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
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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.
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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.
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