On 22 June 2020, AST PROD published Australian foreign investment paper. AST PROD has released a commission research paper Foreign Investment in Australia. Reviewed Australian foreign investment trends, drivers, effects and government policy. Key Points Benefits the economy, but some risk that can be managed by government policy. Over past 2 centuries, it has supported…
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Mexico – Gvt Published Draft on Foreign Investment Rule Changes
On 22 June 2020, MEX GVT Conamer published new draft on above cited provisions. Draft, which now is linked to a different procedure number, keeps the same wording. Of previous draft (same amended rules) but also its prospective entry into force date.
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E.U. – ESMA Updated List MM, Short Selling
On 19 June 2020, EU ESMA issued updated list of market makers and authorized primary dealers using exemption in regulation on short selling and CDS, at at Jun. 17.
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Iceland – CB Net Short Position Thresholds
On 16 June 2020, ICL CB issued decision extending revised benchmark limits for the notification of short positions in equities admitted to trading on a regulated market. Decision enters into force on 17 June 2020 and is valid for a period of three months. Requires everyone, natural or legal, to notify the ICL CB of…
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Spain- CNMV SIX and BME Takeover Bid
On 17 June 2020, ESP CNMV issued rules for period of forced right of sale. ESP CNMV release on BME share sales orders during period of forced right of sale. Followed March 2020, ESP GVT authorized purchase of Spanish exchange. Takeover Bid Announcement On 16 June 2020, SIX Group AG (SIX) communicated, in line with…
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India – SEBI Issues Takeovers Amendment
On 16 June 2020, IND SEBI issued (substantial acquisition of shares and takeovers) (amendment) regulations, 2020 which enter to force on publication in official gazette. Regulation 3, in sub-regulation(2), states that the acquisition beyond 5% to 10% of voting rights in target company shall be allowed in 2020-21 only in respect of acquisition by a…
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