Monthly Archives: December 2019

Malaysia – CB Equity Investments

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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