Monthly Archives: July 2021

Australia – GVT Foreign Investment Reforms

On 27 July 2021, AST GVT consulted on foreign investment reforms review. AST GVT issued consultation on its evaluation of the 2021 foreign investment reforms. Follows AST FIRB February 2021 started evaluation of investment reforms. Foreign Investment Reforms Reforms updated the framework in 3 broad ways: addressed national security risks; strengthened existing system; streamlined investment…
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Germany – BaFin Manager Notification Forms

On 21 July 20 21, GE BaFin issued FAQ on WpIG manager notification forms. GE BaFin FAQ on forms for notifications under WpIG; and appointment of managers. Follows GE BaFin May 2021 FAQs on the IFD/IFR prudential regime. Answer Numerous reporting obligations that were previously regulated for securities institutions in the Banking Act have been…
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Australia – FIRB Guidance Notes Update

On 19 July 2021, AST FIRB published updated guidance notes for investors. AST FIRB updated guidance notes on its website following reforms to framework. Follows AST GVT December 2020 foreign investment framework reform. Overview To provide greater clarity on investors' obligations under foreign investment framework by addressing a number of issues identified since major reforms…
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U.K. – GVT National Security, Investment

On 20 July 2021, UK GVT issued guidance to help prepare for new regime. UK GVT issued guidance and urged businesses / investors to get ready for changes to UK's strengthened national security regime which will commence fully on 4 January 2022. Follows UKP April 2021 national security and investment act (NSIA 2021). Strengthened Regime…
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