On 5 June 2023, SK FSC said a revision to the Enforcement decree of the financial investment services and capital markets act had been approved at a cabinet meeting. The revision aims to abolish foreign investors’ registration requirement, will be effective from 14 December 2023, 6 months after promulgation slated for 13 June 2023. Upon…
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India – SEBI Foreign Portfolio Investors
On 27 March 2023, IND SEBI published amendments to the master circular so as to simplify, streamline the procedural requirements for the onboarding of foreign portfolio investors (FPI), in light of changed made by the amendment regulations noted above. Modifications include granting FPI registration on the basis of scanned copies of application forms and supporting…
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Australia – ACMA on Foreign Shareholding in Media Assets
On 9 March 2023, AST ACMA issued its report on ownership of media assets. AST ACMA published report of December 2022 titled Foreign Ownership of Australian Media Assets: Review of Legislative Requirements; Review of the Foreign Ownership of Media assets (FOMA) scheme and the Register found it is only partly meeting its objectives. Consequently, the…
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S Korea – Improve Regulations for Foreign Investors
On 24 January 2023, SK FSS improved regulations re foreign investors in SKOR. SK FSS announced to improve regulations re foreign investors in the SKOR market, which have acted as obstacles to their investing activities for more than 3 decades. Follows November 2022 SK FSC's attempt to resolve SKOR discount. Improvements Terminate the foreign investor…
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