On 21 July 2022, AST GVT issued foreign acquisition/takeover fees rules. AST GVT issued the Foreign acquisitions and takeovers fees imposition amendment (fee doubling) regulations 2022 on 21 July 2022, which amend the Foreign acquisitions and takeovers fees imposition regulations 2020 to double the listed fees. Effectiveness Regulations are in force from 29 July 2022; […]
On 26 July 2022, aosphere LLP’s Rulefinder alerted to temporary short selling bans in S Korea effective 27 July.
On 20 July 2022, EU ESMA issued updated list of administrative measures, and penalties applicable to infringements of regulation on short selling and credit default swaps.
On 19 July 2022, RUS NFA initiated development of issuer disclosure criteria. RUS NFA initiated development of new mechanisms/criteria for information disclosure by Russian issuers as currently firms have limited amount of information they disclose. Summary Limited disclosure of information by issuance documents leads negative consequences, making it difficult for investors to develop risk policies, […]
On 20 July 2022, UK GVT updated guidance about the national security and investment act to include guidance for new build downstream gas, electricity assets. On same date, UK GVT updated downstream oil details in guidance on the 17 types of notifiable acquisitions under the national Security and Investment act 2021. And published guidance for […]
On 14 July 2022, HUN CB discussed shares with voting rights in acquisitions. HUN CB published article by Dr. Kornél Komlósi, HUN CB market compliance lawyer on the effects of shares with voting rights to determine control influence in acquisitions. Main Points The Capital Markets Act provisions apply to acquisitions of control of a target […]