Publication
International arbitration report
In this edition, we focused on the Shanghai International Economic and Trade Arbitration Commission’s (SHIAC) new arbitration rules, which take effect January 1, 2024.
Raising the bar for Master Trusts
United Kingdom | Publication | October 2024
Steps are being taken to raise the bar on Master Trust activities in the absence of legislative requirements.
Master Trust trustees are aware that there are already stringent regulations in place for Master Trust trustees to deliver national economic growth, and undertake effective investment stewardship to drive real-world change. There is now additional encouragement on voluntary adherence to all the principles of the Effective System of Governance (ESOG) processes. The ESOG principles of compliance are as follows:
- Management of activities.
- Organisational structure.
- Investment matters.
- Communications and disclosure.
While there is no obligation for Master Trust trustees to comply with ESOG, it is suggested that compliance with it could result in better governance, and could maintain savers’ confidence in the trust.
Partner
Email
lesley.browning@nortonrosefulbright.com
Recent publications
Publication
ECJ confirms public tenders’ restrictions for companies from third countries with no procurement agreement with the EU
EU Member States may allow companies from countries that have not concluded an agreement guaranteeing equal and reciprocal access to public procurement (public procurement agreement) with the EU to participate in public tenders, provided there is no EU act excluding the relevant country.
Subscribe and stay up to date with the latest legal news, information and events . . .