On 16 September 2022, TAI FSC published consultation paper with proposed amendments. Consultation will be open for 60 days. Background: TAI FSC proposed to amend regulations governing foreign investments by insurance companies, to increase the scope of recognition by foreign credit rating agencies.
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Rulefinder Alerts to Temporary Short Selling Bans
On 16 September 2022, Rulefinder issued an alert for temporary short selling bans in 2 countries. Short Selling Bans effective 19 September 2022.
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Nepal – CB Update on Foreign Direct Investment
On 13 September 2022, NPL CB updated on foreign direct investment 2020/21. NPL CB issued 6th foreign direct investment (FDI) in Nepal survey report for 2020/21. Follows NPL CB September 2021 reported on FDI in Nepal during 2019/20. Methodology Study primarily based on survey data collected from companies that have taken FDI approvals from NPL…
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Ireland – CB New Takeover Panel Chair
On 12 September 2022 IRE CB appointed James Doherty as takeover panel chair. Gabriel Makhlouf has appointed James Doherty SC as Irish Takeover Panel chair, under section 6(1)(c), Irish Takeover Panel Act 1997, and panel articles of association. Irish Takeover Panel is statutory body that monitors/supervises takeovers in Ireland. Effectiveness Mr. Doherty's appointment is effective…
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U.K. – FCA Fines of Takeover of Link Group
On 12 September 2022, UK FCA said it will likely make LFS pay £306mn penalty. FCA issued update on its involvement in proposed takeover of Link Group by D&D. UK FCA announced it has decided to impose conditions on takeover of Link Group. UK FCA's decision to impose conditions follows announcements made on 12 September…
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Taiwan – TPEX, EXC Amend Short Selling Operating Rules
On 8 September 2022, TAI TPEX, TAI EXC amended the operational measures. TAI TPEX, TAI EXC amended operating rules for securities firms handling margin purchases and short selling of securities to align with revision of the civil code. Also amended the contract for the handling securities margin purchases/ short selling. Follows TAI FSC letter dated…
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