On 27 November 2020, NZ GVT announced retention of the emergency notification regime. Second review concluded that Covid justifies regime continuing for a further 90 days. Ministers’ next decision on whether it should be retained will be due by 24 February 2021. Background Introduced June 2020, to manage heightened foreign investment risks due to Covid. […]
On 25 November 2020, SWE FI issued penalty for transparency notification. Issued decision on FAM AB SEK 570,000 penalty fee for late transparency notification. FAM AB failed to report Aktiebolaget SKF (SKF) shares transaction in prescribed time. SWE FI issued penalty according to chapter 5, section 2, section 5 of the Act (2016: 1306), together […]
On 23 November 2020, UK FCA issued update email on notifications under DTR5. UK FCA announced change to the way in which investors must submit the standard form for notification of major shareholdings (TR-1 form) under Disclosure Guidance and Transparency Rules Chapter 5 (DTR5); the change will be introduced in Q1 2021. FCA want to […]
On 27 November 2020, UKP issued Commons 3rd sitting, compilation of committee debate sittings so far, both as at 26 November 2020, and notices of amendments at 27 November 2020. Also issued chairs’ provisional selection, grouping of amendments, and all proceedings up to 26 November 2020 at public bill committee stage, both dated 27 November […]
On 23 November 2020, UAE GVT allowed for 100% foreign ownership of firms. UAE GVT presidential decree relaxed limits on the foreign ownership of onshore firms. As announced by media reports; decree is meant to strengthen UAE’s global status. Follows DIFC Courts, FDI partnership to boost foreign direct investment. Amendments to Corporate Law Amended UAE […]
On 19 November 2020, Thai SEC consulted on takeover regulation amendments. Thai SEC issued consultation on the revision of regulations for securities takeovers. Amendments Revised takeover regulations to reduce filing channels and increase flexibility for those making a tender offer for all securities of a business and related parties Currently data for tender offers must […]