Publication
Ireland
On 31 October 2023, the Screening of Third Country Transactions Act 2023 (the “Act”), which establishes a new foreign direct investment ("FDI") screening regime in Ireland, was enacted.
United Kingdom | Publication | August 2024
The Society of Pension Professionals has published a useful short guide to the new DB funding regime which comes into force for scheme valuations effective on or after September 22, 2024.
Under the new funding regulations, the employer covenant has been legally defined for the first time. The SPP guide sets out questions in a flowchart form which direct trustees on how to assess the employer’s business prospects.
All DB schemes will be subject to the new funding regime and the guide is an accessible and recommended read for trustees of such schemes.
Publication
On 31 October 2023, the Screening of Third Country Transactions Act 2023 (the “Act”), which establishes a new foreign direct investment ("FDI") screening regime in Ireland, was enacted.
Publication
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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