On 9 March 2021, TAI FSC proposed amendments to foreign investment. TAI FSC proposed amendments to regulations governing foreign investments by insurance companies, regarding relaxation of foreign currency insurance policy limits. Amendments In the formula for calculating foreign investment quotas, reserves for non-investment personal insurance in the insurance industry will be increased from 35% to…
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U.K. Gov’t National Security, Investment Bill
On 4 February 2021, UKP published second reading in Lords, when members discussed growth of skills sets to deal with rapidly changing technologies, increased bureaucracy. Also considered the impact of the bill on new and existing small businesses. Committee stage, when the bill will be examined line by line, is yet to be scheduled
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U.K. – Parliament National Security, Investment Bill
On 15 January 2021, UKP announced bill's report stage, third reading due 20 January 2021. UKP also published notices of amendments as at Jan. 14 and Jan. 15, 2021.
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Rounding Out 2020 Foreign Investment Regulations
Now that we have seen a close to 2020, let’s take a look at foreign investment changes around the globe. Following on from my 2nd installment in September, full article.
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France – Foreign Investment Screening
On 30 December 2020, FR GVT issued decree 2020-1729 amending decree 2020-892 of 22 July 2020, regarding on French companies that are subject to foreign investment. This applies to all investments in France, made in French companies whose shares are able to be freely traded on a regulated market, by any investors from third countries.…
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Russia – CB Foreign Investment in Banks
On 30 December 2020, RUS CB issued rules on foreign investment in banks. RUS CB issued Ord. No. 5618-U on the procedure for the application and termination of the application by RUS CB of the measures provided by Pt 6 of Art 18 of the law on banks and banking activities and the procedure of…
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