On 29 May 2020, ESMA issued FAQ on transparency, market structures. ESMA updated FAQs on MiFID II and MiFIR transparency and market structures topics. Follows ESMA Decemebr 2019 FAQs on transparency and market structures. SSTI and LIS Thresholds Provide clarification on following topics: default liquidity status, SSTI, LIS thresholds of non-equity instruments; publication of transactions in…
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China – SZSE Related Transaction Disclosure
On 29 May 2020, SZSE issued guidelines on disclosure of transactions. Guidelines on information disclosure - transactions and related party transactions. Guidelines Improve the rule structure and convenience of use; delete overlapping regulations. Simplify requirements for purchasing assets from related parties at a high premium; introduce audit/evaluation exemptions for certain types of parties and transactions.…
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Russia – CB Pension Fund Investment Rules
On 21 May 2020, RUS CB expanded NPF, IF investment opportunities. RUS CB announced expanded investment opportunities of non-state pension funds (NPFs) and assets of investment funds (IF) to reduce negative consequence of Covid. Changes include decrease in the concentration limits set for investment of pension savings funds of pension funds and IF assets from…
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New Zealand – GVT Overseas Investment Reform
On 27 May 2020, NZ PRL said the bill passed a third reading and moved to royal ascent, a supplementary order paper was also issued with minor amendments to bill.
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