United Kingdom | Publication | December 2022
The Regulator has published additional information on completing their 2023 scheme returns for DB and hybrid schemes.
The main change is the questions in the asset breakdown section to reflect the outcome of the Regulator’s 2021 consultation with the PPF. Asset information will be tier-based, depending on the size of the scheme’s total liabilities:
Schemes in Tiers 2 and 3 will need to provide information about their bond and equities holdings. Schemes in Tier 3 will also need to provide information on risk factor stresses.
The update includes sample scheme returns for both DB and hybrid schemes. Schemes will receive their return notices from February 1, 2023, with the submission deadline being March 31, 2023.
Publication
As the UK’s Office of Financial Sanctions Implementation (OFSI) proposes reforms to its civil enforcement processes for financial sanctions and geopolitical developments impacting sanctions regimes continue at pace, sanctions remain a key area of focus not only for UK regulators in the context of enforcement, but also in a number of cases before the English Courts.
Publication
The ocean is the world’s life support system and our greatest ally in our defence against climate change impacts. As eloquently described at the 2022 United Nations Ocean Conference.
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2025