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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 | November 2023
Paul Maynard has been announced as the new Minister for Pensions, following Laura Trott’s promotion to chief secretary to the Treasury in the recent cabinet reshuffle. Mr Maynard, who was elected Conservative MP for Blackpool North and Cleveleys in May 2010, has previously held positions as government whip, transport minister and justice minister. Before entering Parliament, he worked as a political adviser and speechwriter.
Mr Maynard comes to the role at a crucial time. The absence of a Pensions Bill in the King's Speech has left a range of pensions issues unresolved, so Mr Maynard inherits a very busy inbox. There are currently several unfinished projects where secondary legislation is required, as well as an ambitious policy agenda following the Mansion House proposals.
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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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