On 24 December 2019, MLY CB issued policy document on equity investments. Policy document sets out requirements of equity investments; approval and notification requirements relating to equity interests held by financial institutions in corporations. Requirements Financial institution must obtain MLY CB’s prior written approval for establishment or acquisition of subsidiary, any direct or indirect acquisition…
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Taiwan – FSC Declaration of Shareholding
On 24 December 2019, TAI FSC amended rules for reporting of issued shares. TAI FSC amended notice for reporting of issued voting shares in the financial holding companies act, and notice for reporting of issued voting shares in the banking act. Amendments Relevant substantive beneficiaries or ultimate controllers to be added to declaration. Legal person…
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India – SEBI Foreign Portfolio Investors
On 19 December 2019, IND SEBI issued SEBI (FPI) (amendment) regulations, 2019. In regulation 2, substitutes regulation 2 of the foreign exchange management (transfer or issue of security by a person resident outside India) regulations, 2017. With rule 2 of the foreign exchange management (non-debt instruments) rules, 2019. In regulation 20, substitutes foreign exchange management…
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RRS Reports Temporary Short Selling Ban
Effective 27 December 2019, there will be a temporary short selling ban; find out more here.
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Sweden – GVT AP Pension Fund Investment
On 17 December 2019, SWE GVT submitted a bill with proposals for further amendments to the investment rules of the First – Fourth AP Funds, following meeting on 11 December. The Swedish parliamentary pension group, has supported the proposed bill. Background Government submitted a proposal to Law Council on amendments to improve ability of buffer…
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Germany – BaFin Post-Trade Transparency
On 17 December 2019, GE BaFin issued rules on MiFIR post-trade transparency. BaFin extended current transparency regime for a further year, until 1 January 2020. Overview MiFIR requires post-trade reporting in real-time/as quickly as technically possible. But allows national supervisory authorities to authorize publication at a later date. In January 2018, BaFin allowed publication at…
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