In The News

Sweden – New Log-in for Major Shareholding Disclosure Reporting

On 10 January 2020, SWE FI announced new login, authorization process.   Key Points Reporting itself not affected and should continue to be done in same way as before. Legal persons to specify their news distributor in new solution using specified process. If no social security number or bank ID, must register with e-mail address…
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U.S. – Treasury FIRRMA Foreign Investment

On 13 January 2020, US Treasury released two final regulations to implement changes FIRRMA made to CFIUS’s jurisdiction, processes; effective on 13 February 2020. Both regulations include interim rule on new definition for principal place of business. US Treasury seeks comments on interim rule; must be received by 18 February 2020.  
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Taiwan – FSC Disclosure of Information

On 13 January 2020, TAI FSC issued rules on information to be disclosed. Public companies are to report and upload to the Market Observation Post Station (MOPS) matters that should be announced or disclosed in accordance with law. Information to be Disclosed Equity information; treasury shares; financial information and internal control; solicitation, issuance and private…
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Singapore – SGX Quarterly Reporting, Disclosures

On 9 January 2020, SGX adopts risk-based approach to quarterly reporting. Apply quarterly reporting (QR) requirements only for companies associated with higher risks while strengthening continuous disclosure requirements on all listed companies. Set out expectations on companies’ handling of material information, and established whistleblowing office to address tipoffs, feedback, complaints and short-seller reports. Quarterly Reporting…
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China – Foreign Investment Law Update

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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