On 17 June 2022, AbuDExc issued rules on Abu Dhabi National Hotel shares. AbuDExc detailed changes on the substantial shareholding limit for non-UAE nationals for Abu Dhabi National Hotels PJSC shares, that comes into full effect from 20 June 2022. From that date there is no maximum limit for non-UAE nationals, whether natural or legal…
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U.K. – TO Panel Takeover Code Changes
On 13 June 2022, UK TO Panel confirmed publication of the revised takeover code. Reflects amendments made by Instruments 2022/1 (limitation on length of service of Panel members), 2022/2 (miscellaneous code amendments), 2022/3 (document charges), and 2022/4 (removal of restriction on anonymous order book dealings). Consequential amendments made to practice statements 19, 20, 24, 28…
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Sweden – FI Publishes Aggregate Short Positions
On 9 June 2022, SWE FI started publication of aggregate short positions. SWE FI started continuous publication of aggregate short positions above 0.01%. Follows SWE FI December 2021 issued notice on disclosing short positions. Overview New summary in short selling register contains all outstanding short-term positions reported and are in accordance with SSR rules. All…
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Belgium – FEB Foreign Investments Screening
On 9 June 2022, BEL FEB announced screening mechanism has been agreed. BEL FEB announced screening mechanism for foreign investments has been agreed. After over 3 years of negotiations, federated entities and federal government finally agreed on draft cooperation agreement for mechanism to screen foreign investments. Follows EC May 2019 issued update on actions against…
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South Africa – CB Issued Rules on Foreign Direct Investment
On 7 June 2022, RSA CB issued rules on foreign direct investment limit. RSA CB issued circular 11/2022 on foreign direct investment South African companies. Increased the foreign direct investment limit, for companies investing funds offshore, Document dated 23 February 2022, was received on 7 June 2022 due to a new feed. Details Per circular…
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E.U. – ESMA Updated Short Selling Admin Measures and Penalties
On 7 June 2022, EU ESMA issued updated list of administrative measures, and penalties applicable to infringements of regulation on short selling and credit default swaps.
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