On 4 February 2020, IND SEBI updated on common application form for FPIs. Issued circular on common application form (CAF) for foreign portfolio investors (PFIs) 27 January 2020, IND GVT notified common application form (CAF) for FPI registration. And for allotment of permanent account number (PAN) and KYC for opening account. Applicants seeking FPI registration […]
On 4 February 2020, BRZ CVM issued rules for investment funds managers. Circular with clarifications on disclosure, by investment fund managers intermediated by account, order of information re application and redemption time limit for shares. Overview In account and order intermediation, independent intermediary is hired by fund to distribute its shares, as provided for in […]
On 29 January 2020, IRE CB issued twenty eighth edition of FAQ on UCITS. New Q&D ID 1094 relates to UCITS investment in CFDs, CLOs, CoCos, binary options. Also explains how this may be subject to enhanced scrutiny at the authorization phase.
On 3 February 2020, IND SEBI proposed amendments to regulations. The aim of the discussion paper is to seek feedback from the public on the proposed amendments in SEBI (substantial acquisition of shares and takeovers) regulations. Proposals Completion of acquisition through stock exchange settlement process for all types of deals including bulk and block deals […]
On 30 January 2020, TAI FSC issued rules on disclosing information in English. Listed companies required, in stages, to disclose important information in English. English Disclosure At end of December 2019, foreign capital held over 40% of the Taiwan stock market value. Beginning July 2020, listed companies with paid-up capital of NTD15bn must disclose important […]
On 29 January 2020, PHI Tax amended tax provisions on REIT act, effective immediately. Definitions of public company and reinvestment plan amended; section renumbered. Amended to include affidavit of undertaking and reinvestment plan under documents. Added under transfer of real property section that transfer of property to a REIT in exchange for its shares is […]