This risk assessment framework is intended to assist you in identifying the key internal and external competition risks facing our business.
This risk assessment framework is intended to assist you in identifying the key internal and external bribery risks facing your business.
This brief article reviews regulations applicable to crowd-funding in France, the United Kingdom, and Italy, with some discussion of the practical application of the rules.
The draft Finance Bill 2014 proposes a number of changes to the approval process for employee share schemes. The changes include the introduction of an electronic notification process and online annual return filing system and the replacement of the HMRC approval process by a self-certification regime. Enactment of the Bill is expected by summer 2014. The following article summarizing the impact of the Bill as currently proposed and the steps companies will need to take.
This primer provides an overview of how the competition legislation is currently enforced in the UK by the OFT. The OFT has noted that detecting and taking enforcement action against cartels is a priority and there is likely to be high financial penalties for taking part in cartel activity.
This primer provides an overview of cooperation with other jurisdictions in the application of the EU competition rules together with an understanding of the jurisdictional limitations, affirmative defences and exemptions. It discusses in detail the framework principles for the Commission’s leniency policy set out in the Commission Notice on Immunity from Fines and Reduction of Fines in Cartel Cases (the Leniency Notice).
The Regulator’s draft Code on funding defined benefits aims to strike a balance between employers’ pension obligations and their ability to invest in sustainable business growth. There’s a greater emphasis on living with risk: understanding and managing it, rather than eliminating it. The key is to hold three elements – funding, investment and the employer covenant – in balance. This article looks at how trustees are supposed to do this, and how the Regulator will measure their success.
The following article is a discussion of a draft of tax regulations recently approved by Parliament.
The new regulatory framework for defined contribution pension arrangements is now live. It applies to all trust-based schemes providing DC-type benefits, whether wholly DC, elements such as AVCs in a defined benefit scheme or DC benefits with a DB underpin. The Regulator expects trustees to assess their schemes against its quality features and will monitor compliance. The following article provides an overview of the framework.
The Regulator has published a new and much more detailed statement on its approach to asset-backed funding arrangements. While acknowledging the advantages of these structures in principle, it is concerned to ensure that trustees take potential risks into account before signing up, and have a back-up plan available in case things go wrong. This article looks closely at the Regulator’s concerns.