On 15 April 2020, MEX GVT proposal re investment in Mexican companies. MEX GVT seeks to amend aspect of foreign ownership in Mexican companies. Foreign Investment Limit Under article 9 of the foreign investment law, MEX national foreign investment commission must approve foreign acquisition that exceeds certain parameters. A foreigner may invest over 49% in […]
On 15 April 2020, ESMA issued positive opinions on ban extensions. ESMA issued positive opinions on short selling bans by national competent authorities. Follows FR AMF March 2020 announced one month ban on short selling. Follows AUT FMA March 2020 banned short selling on Vienna exchange. Follows ESMA Mach 2020 positive opinions on BEL FSMA, […]
On 15 April, 2020, IND RBI updated on the revision of investment limits for 2020-21. Limits for FPI investment in government securities and SDLs shall remain unchanged at 6% and 2%, respectively, of outstanding stocks of securities for FY 2020-21. All investments by eligible investors in the specified securities will be under the fully accessible […]
On 10 April 2020, ITA Consob issued enhanced substantial shareholding reporting obligations. Consob adopted two provisions for enhanced transparency regarding obligation to disclose substantial shareholdings for some Stock Exchange listed Italian companies. Also cover declaration of intentions acquisition of shareholdings in listed companies. Resolutions 21326, 21327 Resolution nos. 21326 and 21327, both Apr. 9, 2020, […]
On 8 April 2020, SEC detailed disclosures key for markets, in Covid. Chair Clayton statement on importance of disclosure, fight against pandemic, facilitate engagement to mitigate economic contraction, evolve strategies, address challenges. Firm Disclosures Respond to investor interest firm’s currrent operational, financial status. Response to Covid, progress to protect health, well-being of workforce, clients, how […]
On 7 April 2020, EU ESMA issued updated public register with latest DVC dataset as per MiFID II, calculations for period 1 March 2019 to 29 February 2020 plus other updates. The number of new breaches is 46:37 equities for the 8% cap, applicable to all trading venues, and 9 equities for the 4% cap, […]