On 2 January 2020, FR GVT issued release on foreign investments in France. FR GVT draws attention to publication of two decrees re foreign investments in France. Follows FR GVT published decree of procedures for investments in France. Overview Decree 2019-1590 that implements PACTE law and decree of 31 December 2019 re to foreign investments…
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Netherlands – EA Takeovers Cooling-off Period
On 19 December 2019, NLD EA issued bill on cooling-off in hostile takeovers. Bill submitted to the Lower House, results from the coalition government agreement and follows previous bill on cooling-off period during hostile takeovers. Details New bill provides for the board of a Dutch listed company to be given a cooling-off period of up to…
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Malaysia – CB Equity Investments
On 24 December 2019, MLY CB issued policy document on equity investments. Policy document sets out requirements of equity investments; approval and notification requirements relating to equity interests held by financial institutions in corporations. Requirements Financial institution must obtain MLY CB’s prior written approval for establishment or acquisition of subsidiary, any direct or indirect acquisition…
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Taiwan – FSC Declaration of Shareholding
On 24 December 2019, TAI FSC amended rules for reporting of issued shares. TAI FSC amended notice for reporting of issued voting shares in the financial holding companies act, and notice for reporting of issued voting shares in the banking act. Amendments Relevant substantive beneficiaries or ultimate controllers to be added to declaration. Legal person…
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India – SEBI Foreign Portfolio Investors
On 19 December 2019, IND SEBI issued SEBI (FPI) (amendment) regulations, 2019. In regulation 2, substitutes regulation 2 of the foreign exchange management (transfer or issue of security by a person resident outside India) regulations, 2017. With rule 2 of the foreign exchange management (non-debt instruments) rules, 2019. In regulation 20, substitutes foreign exchange management…
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RRS Reports Temporary Short Selling Ban
Effective 27 December 2019, there will be a temporary short selling ban; find out more here.
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