Category Archives: News

India – SEBI Foreign Portfolio Investors

On 31 December 2018, SEBI amended rules on foreign portfolio investors. Called SEBI (foreign portfolio investors) (third amendment) regulations, 2018. They will come into force on the date of their publication in the official gazette. New amendments add clauses, explanations, including certain sub-regulations.Control DefinitionControl includes right to appoint majority of directors, or control management or…
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Portugal – CMVM Takeover Bids Regime

On 31 December 2018, CMVM analyzes takeover bids regime for OECD study. OECD published a report Flexibility and proportionality in corporate governance  which includes a contribution by CMVM on the Portuguese takeover bids regime.Focuses on operations carried out after the transposition of Directive 2004/25/EC.Seeks to show adaptability of current regime to different realities of companies.
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