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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 | February 2023
The report found that the DC consolidation continues. The total number of DC schemes with 12 or more members (non-micro schemes), including hybrid schemes, has declined by 11 per cent in the past year and by 67 per cent since the beginning of 2012. There are 36 authorised master trusts, accounting for 23.7 million DC memberships (including hybrid schemes) and over £105.3 billion in assets excluding hybrid schemes.
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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