On 14 July 2022, RUS CB proposed rules on acquiring shares in credit firms. RUS CB issued draft ordinance amending 185-I on obtaining RUS CB consent to acquire shares in a financial organization and/or to establish control over shareholders of a financial organization and to send notifications to RUS CB about cases in which a…
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About: Anna Monteiro
Recent Posts by Anna Monteiro
Taiwan – FSC Shareholding by Directors
On 12 July 2022, TAI FSC issued interpretive rules of director shareholding. TAI FSC issued supplementary interpretive rules for the disputes over the application of paragraph 1 of article 157 of Securities and exchange act. Supplementary Rules Clarified the calculation of 10% of shareholding by directors, supervisors, and managers when they obtain the shares before…
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France – AMF Fines for Takeover Report Failure
On 12 July 2022, FR AMF issued fines for failure to report holdings during takeover. FR AMF enforcement committee decided to impose fines against Mr. Christian Burrus, AFI ESCA, AFI ESCA Holding, AFI ESCA IARD, AFI ESCA Luxembourg, Dôm Finance. Investigation Findings Presumption of concertation: AFI ESCA Holding, AFI ESCA, AFI ESCA Luxembourg, AFI ESCA…
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Sweden – SBA Tambur Digital Portal Takeover
On 7 July 2022, SWE SBA reported banks purchase Tambur digital portal. SWE SBA reported a consortium of banks is to buy Tambur from current owner UC AB. Tambur is a digital portal that simplifies, streamlines the process of home purchases, gathering information needed for brokers and banks to carry out quicker transactions. Key Points…
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Q2 Foreign Direct Investment Across Europe
Being that the UEFA Women’s Euro 2022 tournament is underway, and Wimbledon has come to a close, I’ll devote this foreign direct investment roundup to the region. Get the full article
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India – RBI Foreign Portfolio Investors Relaxation in Debt
On 7 July 2022, IND RBI relaxed investment by foreign portfolio investors in debt. Allowed FPIs to invest government securities and corporate bonds from 8 July to 31 October 2022 without the cap of 30% on their total investments, until maturity or sale. Allowed FPIs to invest in commercial papers and non-convertible debentures with an…
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