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Avoiding legal and regulatory pitfalls in digital transformation projects
This article first appeared in the September 2024 issue of Financier Worldwide.
United Kingdom | Publication | August 2023
Following approval by the House of Lords, on July 19, 2023, the Pensions Dashboards (Amendment) Regulations 2023 were made and come into force on August 9, 2023.
The Regulations will bring into force the changes on the Pensions Dashboards Programme reset, with the single connection deadline confirmed for October 31, 2026, for all relevant occupational pension schemes. This affects schemes with 100 or more relevant members at the scheme year end between April 1, 2023, and March 31, 2024.
The FCA has made corresponding changes to the connection deadline for those pension providers it regulates.
Publication
This article first appeared in the September 2024 issue of Financier Worldwide.
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The Digital Markets, Competition and Consumers Act (DMCC Act) received Royal Assent on 24 May 2024 and is generally expected to come into force in autumn this year.
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On 26 July 2024, the People’s Bank of China (PBOC) and the State Administration of Foreign Exchange (SAFE) jointly released revised rules in respect of the investments into China’s financial market through the Qualified Foreign Institutional Investor and Renminbi Qualified Foreign Institutional Investor (collectively, QFII) regime (the New Rules).
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