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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 | May 2024
The Pensions Dashboards Programme (PDP) has published its ninth progress update report outlining upcoming priorities and its activity over the six months since October 2023.
We reported in April 2024 that the DWP had published its connection timetable guidance, and the PDP will continue to work with industry and regulators to ensure pension providers and schemes are aware of their connection dates.
The PDP’s update also states that:
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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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