On 9 January 2020, CHI NDRC answered reporters' questions on foreign investment law. Answered why implementation regulations have to be concurrently implemented with law; rationale and consultation process behind formulating implementation regulations. Spoke about areas in which implementation regulations help to promote, and details of investment protection regulations that are of great concern to foreign…
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China – PRL Foreign Investment Law
On 6 January 2020, CHI NDRC published interpretations of the foreign investment law. Elaborated on provisions of the law, purpose, background, 5 year transitional period. Promulgation of foreign investment law and its implementation regulations is the result of the continuous reform of the foreign investment management system in China. Creating fair-competition business environment is main…
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E.U. – ESMA SFTR Reporting Guide and LEI
On 6 January 2020, ESMA issued report, guide, clarified SFTR reporting rules. ESMA published final report, guidelines on SFTR reporting together with amended validation rules and a statement on the use of legal entity identifiers (LEI). Follows ESMA May 2019 proposed guidance on finance transactions. Follows ESMA October 2019 issued validation rules, xmls for SFTR…
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China – SAFE Issued Report for Foreign Investment Firms
On 6 January 2020, CHI SAFE issued report for foreign firms investment. CHI SAMR and CHI SAFE jointly launched annual report on foreign firms investment. Follows the implementation of foreign investment law on 1 January 2020. Foreign Investment Foreign-invested enterprises established in China before 31 December 2019 should use national enterprise credit information publicity system…
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E.U. – Advice on Short-Selling
On 3 January 2020, EU ESMA issued updated list of market makers and authorized primary dealers using the exemption in the regulation on short selling and CDS.
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France – GVT Foreign Investments Rules
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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