On 1 January 2023, the Bank of Italy's Qualified Holding regime takes effect. This applies to shareholdings in Italian Banks, SIM, SGR, SICAV and SICAF, financial intermediaries, payment institutions, and e-money institutions.
Read more
Rulefinder Alerts to New Temporary Short Selling Bans
On 4 January 2023, Rulefinder identified new temporary short selling bans in two countries. These temporary short selling bans are effective on 5 January 2023.
Read more
China – CSRC Managing Futures Position Limits
On 30 December 2022, CHI CSRC proposed interim provisions on futures. CHI CSRC proposed interim provisions on position management in the futures market. Interim Provisions Interim provisions are applicable to futures exchanges, futures operating institutions, foreign brokerage institutions, traders as well as other relevant market participants. Require futures exchanges to formulate and adjust position limits;…
Read more
Spain – Gov’t Extends Temporary FDI Controls
On 27 December 2022, ESP GVT issued Royal Decree - Law (RDL) 20/2022 extending the temporary FDI controls. Purpose Measures to support citizens and companies regarding energy, food, transportation, the gas-intensive industry, economic and financial stability and social protection. Further extension by 2 years of the temporary foreign direct investments (FDI) control procedure which will…
Read more
France – Gov’t Extends Lowered Threshold for Foreign Investment
On 24 December 2022, FR GVT issued decree no. 2022-1622 of 23 December 2022, extending the temporary lowering of the control threshold for foreign investments in companies. Whose shares are admitted to trading on a regulated market from 25% to 10%. The measure is extended for an additional year, from 31 December 2022, to 31…
Read more
Finland – FIN CMP Merger / Takeover Notification Threshold
On 29 December 2022, FIN CMP lowered merger / takeover notification threshold from 2023. FIN CMP lowered notification threshold for mergers and acquisitions from 1 January 2023. Means harmful market concentration can be prevented more effectively than before. Follows FIN CMP November 2022 consulted on draft acquisitions /takeovers guidelines. Overview The changed law aims to…
Read more