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What M&A trends will transform the 2024 insurance landscape?
It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.
Australia | Publication | March 2020
On 10 March 2020, ASIC published its media release announcing the new regulatory framework for foreign financial services providers (FFSPs) providing financial services to wholesale clients in Australia.
Existing licensing relief has been extended as follows:
As set out in our previous update, the new framework replaces ASIC’s previous licensing exemptions for foreign providers and introduces two new regimes:
The foreign AFS licensing regime commences on 1 April 2020 and allows certain FFSPs that operate in sufficiently equivalent regimes to obtain a new foreign AFS licence.
The funds management relief will be available to foreign providers from 1 April 2022. While this type of relief is not a licence, FFSPs must notify ASIC if they wish to rely on the funds management relief.
We intend to provide you with a more detailed analysis of the updated FFSP regime in due course.
Publication
It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.
Publication
The ongoing conflicts and further geopolitical tensions in Eastern Europe and the Middle East, coupled with upcoming elections in a number of key countries including the US and the UK, make 2024 challenging to predict what impact this will have on the insurance sector.
Publication
On 6 September 2022, the European Commission (EC) prohibited Illumina’s acquisition of Grail, bringing to an end the administrative stage of a legal saga that has attracted interest beyond competition law specialists.
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