On 1 December 2021, RUS NFA proposed changes to lost shareholders draft law. RUS NFA sent comments on draft law on amendments to law on joint stock companies and art. 8 of federal law on securities market (law on lost shareholders) to RUS ECON. The draft law will resolve issues where shareholders information is not…
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France – Extends FDI Measures Until 31 December 2022
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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