In The News

China – SAFE Foreign Investment Reporting

On 30 June 2020, CHI SAMR issued notice on foreign information reporting system. Clarify division of responsibilities, improve communication and coordination system. Reports of foreign investment enterprises should be collected at SAMR big data center. Increase publicity efforts on the rights and obligations of information reporting, and promote training to improve service, in order to…
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China – CBIRC Shareholder Violations

On 4 July 2020, CHI CBIRC published list of shareholders that violated laws. CBIRC has disclosed a list of 38 shareholders who have committed major violations. Illegal behaviors on the list include related-party transactions for improper benefits, providing false materials, sourcing capital that does not meet regulatory requirements. As well as shareholding that exceeds the…
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Finland – FSA Net Short Position Reporting

On 3 July 2020 FINFSA issued details on reporting of net short positions. FINFSA issued information regarding online services for reporting of short positions. Follows, EU ESMA June 2020 renewed decision requiring holders of net short positions, traded on EU market, to notify NCA if position reaches or exceeds 0.1%. Requirements Obligation to report short…
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India – SEBI Amended Takeover Rules

On 1 July  2020, IND SEBI released (substantial acquisition of shares and takeovers) (third amendment) regs, 2020, which enter to force on publication in official gazette. Provide that for indirect acquisitions where public announcement has been made, an amount equivalent to 100% of the consideration shall be deposited in escrow account. Provide further that the…
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