On 12 May 2023, DEN CRG consulted on procedural and disclosure orders. DEN CRG published consultations on draft new procedural order, draft confidentiality and disclosure notice for foreign investments, list of authorities, and overview letter. Follows DEN PRL March 2023, adopted bill on cross-border transactions. Summary Order on procedures for applications for permits for foreigners […]
On 4 May 2023, RSA FSCA updated on vetting process for CIS managers. RSA FSCA informed collective investment scheme (CIS) managers and trustees about changes to the RSA FSCA’s approach to conducting criminal verification checks. Re directors and significant owners, who are natural persons, of CIS managers. Revised Approach Revised process for conducting criminal verification […]
On 10 May 2023, SWI GVT took note of results of the consultation on a new law on investment screening, consultation bill was rejected by most participants consulted. Majority against investment screening in principle as harmful to business, associated curb on economic freedom is excessive, if introduced its scope should be narrowed. Focus should be […]
On 9 May 2023, SK GVT proposed to revise foreign investment rules. SK GVT proposed to revise the Enforcement rules of foreign investment promotion act. Amendments aim to simplify documents required for reporting foreign investment. Amendments Create a simplified investment overview form, which consists only of matters required when reporting foreign investment using unappropriated earned […]
On 9 May 2023, UK FB issued response to UK Treasury short selling plans. UK FB issued response to UK Treasury’s paper seeking evidence on short selling regime. Follows UK Treasury December 2022 call for evidence on short selling rules. UK FB Response UK FB considers call for evidence represented opportunity for short selling to […]
On 9 May 2023, Rulefinder alerted subscribers to new temporary short selling ban in S Korea. Short selling ban will be effective 10 May 2023.