On 6 January 2020, CHI NDRC published interpretations of the foreign investment law. Elaborated on provisions of the law, purpose, background, 5 year transitional period. Promulgation of foreign investment law and its implementation regulations is the result of the continuous reform of the foreign investment management system in China. Creating fair-competition business environment is main…
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China – SAFE Issued Report for Foreign Investment Firms
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…
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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…
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India – SEBI Foreign Portfolio Investors
On 16 December 2019, IND SEBI decided AMCs may provide management and advisory services in terms of regulation 24(b) of regulations to FPIs under certain categories. Government and government related investors such as central banks, appropriately regulated entities such as pension funds, FPIs wherein the above hold more than 50%. For agreements entered into by…
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Taiwan – FSC Foreign Insurer Investment
On 5 December 2019, TAI FSC provided a 6-month adjustment period for companies who exceeded the foreign investment limit due to falling interest rates in the bond market. If insurance firms fail to reinvest international board bonds quickly, arising on foreign currency obtained from previous redemption, may exceed the foreign investment limit. After implementation of…
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Brazil – GVT Foreign Investments Rules
On 28 November 2019, BRZ GVT issued rules re funds of non-resident investors. Resolution 4,761, of 27 November 2019 on rules for investments of non-residents in Brazil. Overview Amends annex II to resolution 4,373 of 2014 on investments of non-resident investors in Brazil’s financial and capital markets, mainly its arts 2.I, 2.III, 2.IV, 3, 4,…
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