On 26 June 2024, SWE INS announced it has approached government offices to seek amendments to the law on the review of foreign direct investments. Insurance and occupational pension companies should be exempted from the obligation to notify certain acquisitions to the Inspectorate for strategic products. SWE INS previously informed the Inspectorate for strategic products…
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Hong Kong – SFC Updated Takeover Table
On 3 July 2024, the SFC updated its Takeover Table. Offer period for SciClone Pharmaceuticals (Holdings) Limited (Stock Code: 6600) is now closed.
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Belgium – Qualifying Holdings Reporting
On 27 June 2024, BEL CB issued circular on reporting acquisitions, disposals. BEL CB issued circular NBB_2024_09 to financial institutions on acquisitions, increases, reductions and transfers of qualifying holdings, and the relevant reporting templates. Purpose Update of circular NBB_2017_23 on the occasional and periodic reporting obligations of financial institutions to the supervisory authority in relation…
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Malaysia – Extended Period for Compliance with Beneficial Register
The Companies Commission of Malaysia has extended the grace period for companies to comply with the lodgement of beneficial ownership information through the Electronic Beneficial Ownership System by three months, now ending on 30 September 2024. The notification from the Companies Commission of Malaysia can be found here.
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