On 15 December 2021, AST GVT registered foreign acquisitions act compilation. AST GVT issued 26th compilation of the Foreign acquisitions and takeovers act 1975, registered 15 December 2021, showing text of law as amended, in force on 8 December 2021. Overview An act relating to the foreign acquisition of certain land interests and to the…
Read more
Portugal – ASF Qualified Holdings Form
On 14 December 2021, POR ASF issued forms for controlling qualifying holdings. POR ASF issued forms for the notification of controlling qualifying holdings in insurance brokers or reinsurance intermediaries in accordance with art 65 of norm 13/2020-R. Forms created for purposes of prior notice of acquisition/increase in qualifying holding. Follows POR ASF April 2021 rules…
Read more
Rulefinder – Alerts to Temporary Short Selling Ban Effective
On 16 December 2021, Rulefinder identified a temporary short selling ban in an issuer on the Korean markets. The temporary short selling ban is effective 17 December for one trading day.
Read more
Russia – CMP Foreign Investment Control
On 9 December 2021, RUS CMP adopted new administrative regulations. RUS FAS adopted new administrative regulations in field of foreign investment control. RUS FAS approved Order 1067 on administrative regulations for the provision of public services for the consideration of applications for preliminary approval of transactions and applications for approval of the establishment of control…
Read more
S Korea – FSC Investment, Capital Markets
On 7 December 2021, SK FSC said SK GVT approved revisions to enforcement decree of the financial investment services and capital markets act (FSCMA), its subordinate rules. Follows SK FSC October 2020 1st task force meeting on unfair activities. Also follows SK FSS January 2021 improvement plan for corporate disclosure. Revisions prescribe specific details…
Read more
China – CBIRC Shareholder Violations
On 10 December 2021, CHI CBIRC published a list of banks and insurance institutions' shareholders who have committed major violations, as part of shareholder supervision. Behaviors include conducting related party transactions in violation of regulations, concealing beneficial relationships, and the illegal holding and transfer of equity. As well as source of funds for shareholding not…
Read more