Sovereign Wealth Funds Alert Sample


Alert Sample

Alert results for: Sovereign Wealth Funds

Information between 25th April 2024 - 12th September 2024

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Parliamentary Debates
Foreign Direct Investment to the UK
36 speeches (11,937 words)
Tuesday 10th September 2024 - Lords Chamber

Mentions:
1: Lord Harrington of Watford (Non-affiliated - Life peer) Actually, when we took evidence from about 200 companies, sovereign wealth funds, pension funds and others - Link to Speech

Immigration and Home Affairs
203 speeches (58,087 words)
Tuesday 23rd July 2024 - Commons Chamber
Home Office
Mentions:
1: Matt Western (Lab - Warwick and Leamington) We have seen sovereign wealth funds in many other countries and what they have done to transform those - Link to Speech

Media Bill
99 speeches (25,532 words)
Committee stageLords Handsard
Wednesday 22nd May 2024 - Lords Chamber
Department for Digital, Culture, Media & Sport
Mentions:
1: Lord Parkinson of Whitley Bay (Con - Life peer) achieves our stated policy objectives in terms of the partial carve- out of small minority stakes held by sovereign - Link to Speech

Telegraph Media Group Ltd: Acquisition
14 speeches (2,713 words)
Wednesday 1st May 2024 - Lords Chamber
Department for Digital, Culture, Media & Sport
Mentions:
1: Baroness Stowell of Beeston (Con - Life peer) secondary legislation that covers the carve-out for legitimate indirect foreign state investors, such as sovereign - Link to Speech



Select Committee Documents
Tuesday 28th May 2024
Written Evidence - ICAEW: The Institute of Chartered Accountants in England and Wales
WGA0005 - Whole of Government Accounts 2021-22

Public Accounts Committee

Found: This policy is one of the reasons why the UK does not have sovereign wealth funds, most public sector

Tuesday 7th May 2024
Written Evidence - Institute for Innovation and Public Purpose (IIPP), University College London (UCL)
IPO0075 - Industrial policy

Industrial policy - Business and Trade Committee

Found: government spending through budget and fiscal reviews, patient public finance can also stem from sovereign



Written Answers
NHS: Sovereign Wealth Funds
Asked by: Lord Scriven (Liberal Democrat - Life peer)
Friday 24th May 2024

Question to the HM Treasury:

To ask His Majesty's Government what consideration they have given to establishing a sovereign wealth fund, funded by surpluses generated from the commercial value of the use of NHS data sets, calculated at £5 billion per annum.

Answered by Baroness Vere of Norbiton - Shadow Minister (Treasury)

The Government recognises the potential value that NHS data sets can generate and is committed to ensuring that the NHS realises a fair share of any value arising from data partnerships. To this end, the NHS's Value Sharing Framework outlines guiding principles to support this objective.

However, the Government has no plans to create a sovereign wealth fund predicated on the sale of access to NHS data. Rather, we continue to carefully explore the most effective ways to derive value from the use of health data for research purposes. This exploration is conducted with a focus on ensuring fair value for the NHS and upholding public trust.



Parliamentary Research
Digital Markets, Competition and Consumers Bill: Lords stages and amendments - CBP-10008
Apr. 24 2024

Found: Baroness Stowell and Lord Faulks (Non -Afl) said the proposals should not exclude legitimate sovereign



Non-Departmental Publications - Open consultation
Sep. 12 2024
HM Revenue & Customs
Source Page: Multinational Top-up Tax and Domestic Top-up Tax - further draft guidance
Document: (webpage)
Open consultation

Found: 21341500 Standard and non-standard members 21441510 Non-standard members - Minority owned members 21542020 Sovereign

Aug. 01 2024
Competition and Markets Authority
Source Page: Draft updated mergers guidance documents
Document: (PDF)
Open consultation

Found: Examples of a Fund Management Entity include private equity firm s, pension funds and sovereign wealth



Deposited Papers
Thursday 4th July 2024
Cabinet Office
Source Page: National Security and Investment Act 2021: Statement for the purposes of section 3. 18p.
Document: NSIA_Updated_Section_3_Statement_for_HH_Global.pdf (PDF)

Found: The Secretary of State does not regard all state-owned entities, sovereign wealth funds

Thursday 2nd May 2024

Source Page: Letter dated 29/04/2024 from Lord Parkinson of Whitley Bay to Lord Faulks regarding the change in wording in the Enterprise Act from “material influence” to “influence”, as discussed during the Third Reading of the Digital Markets, Competition and Consumers Bill. 3p.
Document: Letter_to_Lord_Faulks.pdf (PDF)

Found: foreign states, or over a 5 per cent share for investments via state-owned investment vehicles such as sovereign

Friday 26th April 2024

Source Page: Commitment in letter
Document: Delegated_Powers_Memorandum.pdf (PDF)

Found: more complex in recent years, with trusts, publicly listed companies and overseas entities such as sovereign




Sovereign Wealth Funds mentioned in Scottish results


Scottish Government Publications
Wednesday 11th September 2024
Economic Development Directorate
Energy and Climate Change Directorate
International Trade and Investment Directorate
Offshore Wind Directorate
Source Page: Green Industrial Strategy
Document: Green Industrial Strategy (PDF)

Found: opportunities for specific investor groups such as infrastructure investors, institutional investors and sovereign

Thursday 29th August 2024
Economic Development Directorate
Source Page: Briefing packs provided to the Cabinet Secretary for Net Zero and Economy on her appointment: FOI release
Document: FOI 202400401558 - Information released - Annex A - M (PDF)

Found: • Work with sovereign wealth funds to develop relationships and identify/build investment propositions

Thursday 15th August 2024
International Trade and Investment Directorate
Source Page: Global Ethical Finance Initiative, Ethical Finance Ltd and Islamic Finance Council UK payments: FOI release
Document: FOI 202300385923 - Information Released - Document 1 (PDF)

Found: successful in attracting a global audience, with particular interest from international investors and sovereign



Scottish Parliamentary Debates
Pre-budget Fiscal Update
43 speeches (35,584 words)
Tuesday 3rd September 2024 - Main Chamber
Mentions:
1: Robison, Shona (SNP - Dundee City East) Unlike other independent countries that have developed sovereign wealth funds and which have all the - Link to Speech