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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 2022
As noted in our June briefing, the Regulations essentially replicate the relevant provisions of the Investment Consultancy and Fiduciary Management Market Investigation Order 2019 made by the Competition and Markets Authority to require the trustees of most occupational pension schemes to carry out a tender process for fiduciary management services and to set strategic objectives for their investment consultants.
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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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