On 21 June 2023, SIN GVT issued exemption from section 379 regulations. SIN GVT published the Companies (listed foreign companies - exemption from section 379) regulations 2023 in the gazette, which come into operation on Jun. 28, 2023. Section 379 of the act requires a foreign company to maintain a register of members. Exemption A…
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EFTA – Short Selling Regulation Effective 1 August 2023
On 16 June 2023, EFTA confirmed that EEA JC decision in force on 1 August 2023. Notification of fulfillment of constitutional requirements of Iceland on 15 June 2023. Background: On 10 February 2023, EFTA updated on notification of significant positions. EFTA updated on reg 2022/27 amending reg 236/2012 as regards the adjustment of the relevant…
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Laos – CB Application for Foreign Investment
On 16 June 2023, LAO CB issued noticed on foreign investment certificate. LAO CB issued notice on application of certificate of foreign investment. Foreign investment companies shall apply for the certificate to do business in Laos. Specify the requirement documents such as a copy of business registration certificate. Documents required for fund transferred from aboard…
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Luxembourg – Gvt Foreign Direct Investments Bill Updated
On 13 June 2023, LUX GVT updated on bill re foreign direct investments. LUX GVT said LUX PRL adopted, in the first vote, bill 7885 establishing a national screening mechanism for foreign direct investments likely to undermine security or public order for the purposes of implementation of Regulation (EU) 2019/452 of the European Parliament and…
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Rulefinder Alerts to New Temporary Short Selling Bans
On 16 June 2023, Rulefinder alerted to new temporary short selling bans in S Korea. Effective: short selling ban will be effective for one trading day on 19 June 2023.
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S Korea – FSS Foreign Investment Rules
On 14 June 2023, SK FSS proposed revisions to financial investment rules. SK FSS proposed revisions to the Detailed regulations on financial investment business, to improve foreign investors' access to the Korean capital market. Follows SK FSC May 2023 proposed revisions re financial investment. Amendments Delete the obligation to submit documents re foreign investment registration.…
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