On 11 December 2022, SAU CMA proposed rules regulating foreign investment. SAU CMA issued its resolution to publish amended draft rules for foreign investment in securities, for public consultations for a period of 30 days. Key Amendments The main elements of the project are the development of qualification conditions and facilitating the requirements that must…
Read more
Belgium – FEB Foreign Investment Screening
On 2 December 2022, BEL FEB updated on the agreement reached by the consultation committee on 30 November 2022, re the screening mechanism for foreign investment. Greenfield investments were excluded from scope, nanotechnologies were added to it, corrective measures aren't listed exhaustively but must meet a proportionality test. A more in-depth investigation can only be…
Read more
S Korea – FSS Foreign Investment Business
On 4 November 2022, SK FSS proposed rules on registration, short selling disclosures. SK FSS proposed Detailed regulations of the regulations on financial investment business, to ease burden on foreign investment business submitting documents. Revise registration form; update existing form and introduce new form for fulfilling reporting obligation associated with lending transactions when reporting balance…
Read more
Norway – GVT Foreign Investment Security
On 28 October 2022, NOR GVT launched foreign investment security review. NOR GVT appointed a committee to investigate whether there is a need for increased control of foreign investments and other economic activity to protect national security. Screening mechanism has been in development since Security Act was force in 2019. This mandates notification of changes…
Read more
U.S. – Treasury Issues Foreign Investment Penalty Guidelines
On 20 October 2022, US Treasury released enforcement and penalty guidelines. US Treasury released the first-ever Committee on foreign investment in the US (CFIUS) enforcement and penalty guidelines, in its role as chair of the CFIUS. Provide public information on how CFIUS assesses violations of laws and regulations. Laws, regulations that govern transaction parties, including…
Read more
U.K. – GVT National Security Bill Guide
On 18 October 2022, UK GVT updated the overarching documents relating to the National Security Bill 2022, adding impact assessment for foreign influence registration scheme. Among other things, document set out proposed law's strategic objective, overview. Rationale for intervention; risks; costs, benefits to business calculations; wider impact. Overall aim of the foreign influence registration scheme…
Read more