On 6 May 2021, AST FIRB updated its website to reflect new reforms. Updated website reflects reforms to Foreign Acquisitions and Takeovers Act 1975. Follows AST GVT June 2020 reform on foreign investment framework. Key Changes Website redesigned to make it easier for investors and other stakeholders to navigate. New menus with information regarding national […]
On 30 April 2021, GE BaFin issued FAQs on the impact of draft legislation. GE BaFin issued two FAQs on impact of bill on supervision of investment firms (WpIG). On whether existing ordinances will still apply to investment firms once WpIG in force. Follows GE GVT Feb. 2021 WpIG bill implementing EU Dir 2019/2034. Large […]
On 6 May 2021, the Korea Exchange announced a temporary short selling ban for two securities for one trading day.
On 28 April 2021, IRE GVT issued amendment to EU (Markets in Financial Instruments) Regulations to implement EU Dir 2020/1504, effective 10 November 2021. Provides that the regulations do not apply to crowdfunding service providers.
On 29 April 2021, UKP announced bill received royal assent, following agreement by both Houses on text of the bill, therefore the bill is now an act of parliament (law). New act intended to modernize UK GVT powers to investigate, intervene in potentially hostile foreign direct investment, while promoting UK as attractive place to invest. […]
On 27 April 2021, IRE GVT issued beneficial ownership regulations. IRE GVT issued EU (anti-money laundering: beneficial ownership of trusts) regulations. Follows 30 June 2021 IRE GVT issue of rules on certain financial vehicles. Summary The regulations implement the rules in article 31 of directive 2015/849 of European Parliament and Council of 20 May 2015, […]