Publication
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 | September 2019
ASIC has today published a media release confirming that the licensing relief for certain foreign financial services providers (FFSPs) has been extended to 31 March 2020. The relief was due to expire on 30 September 2019. Relief has been extended on the same terms until 31 March 2020.
The extension applies to the ‘limited connection’ relief together with the relief available under:
The extension follows ASIC’s release of Consultation Paper 315 in July 2019 (CP 315), which contemplated the extension of the relief to 31 March 2020.
In summary, ASIC also proposed under CP 315 to:
See our earlier update for more information on these proposals
Please contact us if you would like more information on ASIC’s proposed foreign AFS licensing regime and funds management relief.
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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