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…
Read more
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.
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more