On 28 June 2023, IND SEBI approved the amendment to SEBI (foreign portfolio investors) regulations, 2019, for implementation of proposal on additional disclosures. In March 2023, PML rules threshold requirements for identification of BO were amended and currently stand at 10% for companies and trusts and 15% for partnerships and unincorporated association or body of…
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Australian – Gvt – Foreign Investment Registration
On 26 June 2023, AST FIRB announced that the new register to notify the Australian government of foreign investment actions taken will be introduced on 1 July 2023. The new register will hold details of foreign ownership of Australian assets, including residential land, commercial land, agricultural land, water interests, mining and exploration tenements, and some…
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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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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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Belgium – FEB Foreign Investments Screening
On 6 June 2023, BEL FEB published guidelines and information from the FPS Economy regarding the new inter-federal mechanism for screening foreign investments. Clarifies scope and procedure of the Belgium foreign investments screening mechanism and answers common questions regarding notification obligations. Covers nuances including minimum requirements, thresholds, costs, and appeals. Information page available in French…
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