On 9 March 2021, TAI FSC proposed amendments to foreign investment. TAI FSC proposed amendments to regulations governing foreign investments by insurance companies, regarding relaxation of foreign currency insurance policy limits. Amendments In the formula for calculating foreign investment quotas, reserves for non-investment personal insurance in the insurance industry will be increased from 35% to…
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E.U. – ESMA Opinions on Position Limits
On 8 March 2021, ESMA issued six positive opinions on position limits. ESMA issued six opinions dated 24 February 2021, on position limits under under MIFID II. Follows ESMA February 2021 delegation of powers re opinions to chair. Re MEFFPOWER baseload contracts, PXE Czech financial baseload contracts, OMIP SPEL base contracts, plus EEX Italian, EEX…
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France – AMF Enforcing Ban on Short Selling
On 4 March 2021, FR AMF updated guidance page on the EU regulation on short selling. Includes updated excel file containing the history of net short positions made public.
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Rulefinder Reports Update to Substantial Shareholding in Italy
On 3 March 2021, Rulefinder reported an update to the lists of issuers to whom the temporary shareholding disclosure thresholds apply. This update takes effect from 4 March 2021. To learn more about Rulefinder, click here.
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U.K. GVT National Security and Investment Bill Regime
On 2 March 2021, UK GVT narrowed definitions of new regime sector scope. UK GVT published further details about the sectors within scope of the mandatory notification regime under the proposed national security and investment bill. Follows UKP November 2020 issued bill on national security and investments. And follows UK GVT November 2020 consultation on…
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Sweden – FI Short Selling Rules Reminder
On 25 February 2021, SWE FI reminded market of the rules for short selling. SWE FI reminded supervised subjects of short selling rules and duty to report position. Overview Short sale means sale of a security that seller does not own at the time of the sale. Seller has instead borrowed or ensured that security…
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