On 21 January 2022, RUS CMP proposed changes to foreign investments law. RUS CMP described amendments to the law on foreign investments proposed by RUS CMP aimed at eliminating legal uncertainty; changes will only affect 5% investments. Follows RUS CMP March 2021 law on foreign investments. Follows RUS CMP July 2021 fishing industry protection from…
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E.U. – Nasdaq Nordic Takeover Rules Breach
On 21 January 2022, Nasdaq Nordic fined LSTH Svenska Handelsfastigheter AB. Nasdaq Nordic disciplinary committee fined LSTH Svenska Handelsfastigheter AB SEK 1,500,000 for breaching rule book for issuers of fixed income instruments. Summary Swedish Securities Council ruling 2021:43 found it violated item II.3 of the takeover rules for certain trading platforms issued by the Swedish…
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U.K. – Sovereign Debt Thresholds Updated
On 21 January 2022, UK FCA updated information on UK sovereign debt thresholds.
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Bahrain – CB Mergers, Takeovers Module
On 19 January 2022, BHR CB issued amended takeovers, mergers, acquisitions module. Applicable to conventional banks, Islamic banks, insurance, investment business, specialized licenses, capital markets; amended TMA module is effective immediately.
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New Temporary Short Selling Bans
On 19 January, Rulefinder identified four new short selling bans in Turkey. Effective Ban is in effective from 20 January to 18 February 2022
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Taiwan – Consultation Large Shareholdings Amendments
On 14 January the Taiwanese regulator, FSC issued a consultation with proposed amendments to the Securities and Exchange Act which could impact large shareholdings rules. Proposed: Large shareholdings reporting threshold to be lowered to 5% from the current 10%. The consultation will be open for comment until 15 March 2022.
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