
Publication
Competition Act: Expanded private enforcement rights now in force
On Friday, June 20, 2025, Competition Act amendments came into force that significantly expand private parties’ ability to bring cases to the Competition Tribunal.
United Kingdom | Publication | January 2024
On December 14, 2023, in a written statement, the Financial Secretary to the Treasury published HMRC's summary of responses to its technical consultation on the VAT treatment of fund management services. This is mainly of interest for DC schemes.
Currently, fund management services can be VAT exempt either by falling within the fund types that enjoy statutory exemptions, or because they are regarded as “special investment funds” under EU VAT law. SIFs were largely left to individual member states to define. The consultation set out proposals for SIF codification to remove the uncertainty that had arisen following years of EU case law.
Having considered the consultation responses, the Government has decided not to proceed with the SIF codification, and to retain the current rules. This means that the above two ways in which fund management services can be VAT exempt will continue.
HMRC will update its relevant guidance in due course.
Publication
On Friday, June 20, 2025, Competition Act amendments came into force that significantly expand private parties’ ability to bring cases to the Competition Tribunal.
Publication
The Pension Schemes Bill offers the prospect of access to surplus, definitive rules for superfunds, a reduced PPF levy and easier recovery of overpayments. Change is underway.
Publication
On June 12, the Canadian Securities Administrators published a proposed replacement of National Instrument 43-101 Standards of Disclosure for Mineral Projects and its related companion policy and form of technical report.
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