On 16 September 2022, TAI FSC published consultation paper with proposed amendments. Consultation will be open for 60 days. Background: TAI FSC proposed to amend regulations governing foreign investments by insurance companies, to increase the scope of recognition by foreign credit rating agencies.
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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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U.K. – Gov’t Foreign Investment Guidance Notes
On 20 July 2022, UK GVT updated guidance about the national security and investment act to include guidance for new build downstream gas, electricity assets. On same date, UK GVT updated downstream oil details in guidance on the 17 types of notifiable acquisitions under the national Security and Investment act 2021. And published guidance for…
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Belgium – FEB Foreign Investments Screening
On 9 June 2022, BEL FEB announced screening mechanism has been agreed. BEL FEB announced screening mechanism for foreign investments has been agreed. After over 3 years of negotiations, federated entities and federal government finally agreed on draft cooperation agreement for mechanism to screen foreign investments. Follows EC May 2019 issued update on actions against…
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China – CB Opens Bond Market to Foreign Investment
On 27 May 2022, CHI CB opened bond market to foreign investment. CHI CB, CHI CSRC and CHI SAFE issued a joint notice on further facilitating foreign institutional investors to invest in China's bond market, to open up the bond market. Follows September 2020, CHI CB, CHI SAFE proposed rules re foreign investors. Foreign Investment…
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Switzerland – SECO Screen Foreign Investment
On 18 May 2022, SWI SECO issued investment screening consultation. SWI SECO announced federal council consultation on legislation to screen foreign investment in Switzerland, following Motion 18.3021 Rieder adoption. Follows SWI GVT August 2021, rules on foreign investment control. Overview Federal council is instructed to draft legislation, but it advises against the new law. Believes…
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