On 12 September 2022 IRE CB appointed James Doherty as takeover panel chair. Gabriel Makhlouf has appointed James Doherty SC as Irish Takeover Panel chair, under section 6(1)(c), Irish Takeover Panel Act 1997, and panel articles of association. Irish Takeover Panel is statutory body that monitors/supervises takeovers in Ireland. Effectiveness Mr. Doherty's appointment is effective…
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U.K. – FCA Fines of Takeover of Link Group
On 12 September 2022, UK FCA said it will likely make LFS pay £306mn penalty. FCA issued update on its involvement in proposed takeover of Link Group by D&D. UK FCA announced it has decided to impose conditions on takeover of Link Group. UK FCA's decision to impose conditions follows announcements made on 12 September…
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Taiwan – TPEX, EXC Amend Short Selling Operating Rules
On 8 September 2022, TAI TPEX, TAI EXC amended the operational measures. TAI TPEX, TAI EXC amended operating rules for securities firms handling margin purchases and short selling of securities to align with revision of the civil code. Also amended the contract for the handling securities margin purchases/ short selling. Follows TAI FSC letter dated…
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France – GVT Foreign Investment Controls
On 8 September 2022, FR GVT published the guidelines on control of foreign investments. Following March 2022 consultation on rules' scope, procedure, authorizations monitoring.
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Qatar – FMA Short Selling, Stock Lending Rules
On 8 September 2022, QAT FMA issued short selling and securities lending rules. QAT FMA issued covered short selling rules under Board Decision No. 5 of 2022. Also issued securities lending and borrowing rules under Board Decision No. 4 of 2022. Added new financial services activities to increase business of financial services firms. Firms may…
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Finland – FSA Introduces Electronic Portal for Short Selling Reporting
On 2 September 2022, the FSA in Finland issued a press release announcing its plans to introduce an electronic submission requirement for short selling reporting. Required financial institutions should register for portal credentials at their earliest convenience at Suomi.Fi eAuthorizations Portal Several documents along with notarization are required Instructions are available at the FIN-FSA website:…
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