On 29 November 2021, the Minister of Economy announced that the extension of the temporary FDI threshold of 10% (of voting rights) will be extended until 31 December 2022. The foreign direct investment extension applies from 1 January 2022. Terms are unchanged; including in respect of investment by non-European entities in listed companies operating in…
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Jersey – EXC QAHC and REIT Changes
On 26 November 2021, JER EXC updated on trading including legal changes. JER EXC board of directors issued update on recent trading and outlook for 2021. Board is reviewing options for the return of capital to shareholders during 2022. Draft finance bill 2022 has changes which may impact new, possibly existing, listings. Follows UK Treasury…
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Rulefinder – Alerts to Temporary Short Selling Ban
On 1 December 2021, Rulefinder identified one issuer subject to a temporary short selling ban effective 2 December 2021.
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Germany – BaFin Derivative Position Limits
On 25 November 2021, GE BaFin removed limits on commodity derivatives. GE BaFin said it has removed the majority of position limits on commodity derivatives. Follows EU February 2021, MiFID quick fix Dir 2021/338 on Covid recovery. Also follows GE GVT Jun. 2021 law implementing EU crowdfunding rules. Key points Decision follows changes to MiFID…
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India – SEBI T+1 Rolling Settlement Basis
On 25 November 2021, IND NSE issued settlement parameters and reports structure. Securities under T+1 settlement shall be cleared and settled with settlement type and number distinct from settlement type and number for securities with T+2 settlement. Settlement number for T+1 settlement shall be distinct from T+2 settlement; actual settlement calendar shall be available as…
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Bahrain – CB Mergers, Takeovers and Acquisitions Module
On 17 November 2021, BHR CB proposed to amend take-overs, mergers module. BHR CB proposed amendments to take-overs, mergers and acquisitions (TMA) module. Revised provisions relate to independent advice, issuance of documents, settlement of consideration and share transfer, restrictions on dealings before and during offer. As well as offer timetable, compulsory acquisitions and delisting, among…
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