United Kingdom | Publication | March 2024
On March 5, 2024, the Regulator published a consultation on the statement of strategy for DB schemes. Producing a statement is a fundamental part of trustees’ obligations under the new Funding and Investment Regulations which come into force on April 6, 2024.
In its consultation, the Regulator is seeking views from trustees and advisers on its proposed approach to the statement, including its proposed form and the type and extent of the information that will need to be submitted by trustees.
The Regulator provides a link for DB scheme trustees to complete an online survey and requests responses by April 16, 2024.
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On 29 November 2024, the first tranche of sweeping Australian privacy reforms under the Privacy and Other Legislation Amendment Bill 2024 (Cth) (Bill) passed both Houses of Parliament.
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A value-referenced crypto asset (VRCA, commonly known as a “stablecoin”) is a crypto asset designed to maintain a stable value over time by referencing the value of a fiat currency, such as the US dollar, or any other value or right, or a combination thereof. It can be used as a medium of exchange or as a store of value that is less volatile than other crypto assets.
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