On 20 January 2023, LEB CB revised rules on credit, shareholding, investment. LEB CB issued Decision No. 13525 (circular 656) to amend Decision No. 7776 of 2001 relating to credit, investment, shareholding, and participation operations. Document dated 20 January 2023 was received from LEB CB on 24 January 2023. Amendments Removed Paragraph 5 of Section…
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Finland – FSA Credit Firm Shares’ Disclosure
On 20 January 2023, FINFSA amended rules on property ownership declaration. FINFSA issued an amendment to regulation 105.2 on declaring the share and property ownership of a credit institution and its consolidation group to reflect the amended legislation so that it will be repealed with regard to the notification of shareholding. Regarding notification of real…
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India – RBI Shareholding in Banks
On 16 January 2023, IND RBI issued a master direction on substantial shareholding in banks. IND RBI issued the Master direction RBI (acquisition and shareholding or voting rights in banking companies) directions, 2023 and accompanying guidelines. The master direction may be read along with the Guidelines on acquisition and shareholding or voting rights in banking…
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France – ACPR Financial Holding Companies
On 12 January 2023, FR ACPR clarified position on holding company oversight. FR ACPR issued position 2022-P-02 re financial holding companies, mixed financial holding companies, parent companies and investment holding companies' obligations. Specifications re approval obligations, exemption from approval, as well as prudential obligations according to the place of the holding in the chain of…
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Busy Fourth Quarter for Foreign Direct Investments
It was a busy fourth quarter for regulations concerning foreign direct investment. It seems that not all were watching the World Cup. Read the full article
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U.K. – Gvt – National Security Acquisition / Takeover
On 9 January 2023, UK GVT updated guidance on UK GVT notification rules. UK GVT updated guidance for investors and businesses on the legal requirement to tell it about sensitive acquisitions / takeovers under national security and investment act (NSIA 2021). Follows UKP November 2020 issued bill on national security and investments. Updated Guidance Content…
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