On 9 July 2021, the HM Treasury issued a consultation on its wholesale markets review, this included specific proposals to reform the MiFID commodity derivatives position limits regime. Consultation proposes changes that would limit the scope of position limits to agricultural contracts and physically settled contracts, FCA supports these proposals. FCA states while change being…
Read more
China – CSRC Investment Banking Business
On 9 July 2021, CHI CSRC issued opinions on supervising securities firms. CHI CSRC issued opinions on supervision of securities firms engaging in investment banking business under the registration system, to improve their intermediary roles. Aims to address problems such as poor internal controls and corporate governance. Opinions Clarifies standards and scope of supervision responsibilities…
Read more
Sweden – Nasdaq Nordic Fine Takeover Breach
On 8 July 2021, Nasdaq Nordic reported on discipline re takeover disclosure. Nasdaq Nordic (Stockholm) has fined Amasten Fastighets for breaching takeover rules. Overview Amasten Fastighets has been ordered to pay a SEK 1,000,000 fine regarding disclosure of a public takeover offer to shareholders in SSM Holding AB on 14 October 2020. Nasdaq Stockholm disciplinary…
Read more
U.K. – Takeover Panel Publishes 13th Edition of Takeover Code
On 5 July 2021, UK TO Panel published the thirteenth edition of the Takeover Code. New version published on the Panel’s website; copies have been sent to subscribers.
Read more
Around the World in Foreign Direct Investment Regulations
Just realizing that my last update on foreign direct investment was at the end of 2020, so let's jump in and catch you up on the first half of 2021, read the full article.
Read more
Rulefinder Reports Temporary Short Selling Ban
On 8 July 2021, Rulefinder reported a temporary short selling ban effective 9 July 2021.
Read more