Being that the UEFA Women’s Euro 2022 tournament is underway, and Wimbledon has come to a close, I’ll devote this foreign direct investment roundup to the region. Get the full article
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India – RBI Takeover / Acquisition of Non-Bank PSO
On 4 July 2022, IND RBI issued requirements on sale of payment system. IND RBI issued requirements on takeover / acquisition of non-bank payment system operators (PSOs) and sale/transfer of payment system activity of non-bank PSO. Follows master directions on prepaid payment instruments (PPIs) dated 27 August 2021. Also follows guidelines on payment aggregators and…
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India – SEBI Imposes Fine for Substantial Shareholding
On 21 June 2022, SEBI imposed a monetary penalty on Tamarind Capital Pte Ltd under the provisions of section 15H(ii) of the SEBI Act for its violations of the provisions of Regulation 3(1) of the Substantial Acquisition of Shares and Takeovers Regulations. Tamarind Capital acting in concert with Jasmine Capital Investment acquired voting rights by…
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India – SEBI Disclosure Requirements
On 28 June 2022, IND NSD issued operational guidelines for capturing reasons for all types of encumbrances and details of ultimate lenders in the depository system. Applicable where shares are pledged in favor of the trustee by the promoters. Specified reasons for encumbrance and codes; system will be ready on 1 July 2022. Background: In…
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Australia – FIRB Foreign Acquisition/Takeover
On 30 June 2022, AST FIRB announced 2022-23 foreign investment application fees have been indexed and issued guidance containing fee schedule and other information. The revisions apply to applications made and notices given from 1 July 2022.
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Netherlands – GVT ABN AMRO Takeover Reports
On 29 June 2022, NLD GVT issued letter on ABN AMRO and BNP Paribas. Minister of Finance Kaag sent a letter dated 29 June 2022 to Parliament, responding to reports about a possible takeover of ABN AMRO by BNP Paribas. Advises he has submitted a confidential letter to the Standing Committee on Finance, as per…
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