Ireland: Irish Collective Asset-Management Vehicles Bill 2014

The Irish Collective Asset-Management Vehicles Bill 2014 was introduced in the Dáil Éireann several days ago: see here. A copy of the Bill, as introduced, is available here (pdf). Explanatory notes are available here (pdf). The purpose of the Bill is to create a new corporate vehicle for funds in Ireland and a framework for the operation of the new vehicles.

UK: PRA/FCA consultation papers - new senior managers regime and new remuneration rules

The Financial Conduct Authority and Prudential Regulation Authority published two joint consultation papers today. The first, titled Strengthening accountability in banks: a new regulatory framework for individuals, sets out the proposed framework for the new senior managers regime and the new certification regime: see here (pdf). The second paper, titled Strengthening the Alignment of Risk and Reward: New Remuneration Rules, sets out proposed changes to the Remuneration Code: see here (pdf).

UK: corporate governance reform proposals

Earlier this month the Trades Union Congress published a collection of essays on the subject of corporate governance and reform. The collection, published under the title Beyond Shareholder Value - The reasons and choices for corporate governance reform, is available here (pdf).

UK: Takeover Panel 2014 annual report published

The Takeover Panel has published its annual report and accounts for the year to 31 March 2014: see here (pdf). The report explains, amongst other things, that during this period the Panel Executive issued one letter of private criticism (related to the conduct of the parties involved) and 41 educational/warning letters (higher than in previous years).

UK: England and Wales: Law Commission announces 12th law reform programme

The Law Commission for England and Wales has published its 12th law reform programme: see here. The new projects include those concerning bills of sale and the protection of consumer prepayments on retailer insolvency.