In December, ACPR issued 3 instructions regarding requests/reporting re takeovers and holdings by banks, investment, financing firms. These changes were entered into the ACPR Official Register on 1 February. Instructions Instruction 2021-I-18 relating to requests for takeover or qualifying holdings by credit institutions, requires submission of complete application file using form in the annex. Form […]

On 21 January 2022, Nasdaq Nordic fined LSTH Svenska Handelsfastigheter AB. Nasdaq Nordic disciplinary committee fined LSTH Svenska Handelsfastigheter AB SEK 1,500,000 for breaching rule book for issuers of fixed income instruments. Summary Swedish Securities Council ruling 2021:43 found it violated item II.3 of the takeover rules for certain trading platforms issued by the Swedish […]

On 4 January 2022, AST GVT registered legislative instrument compilation no. 12 of the Foreign acquisitions and takeovers regulation 2015 amended, in force on 8 December 2021. The regulations are due to sunset on 1 April 2026.  

On 4 January 2022, the National Security and Investment Act came into force in the U.K. Background: UK GVT issued National Security and Investment act 2021 (commencement no. 2 and transitional and saving provision) regulations 2021, commenced act from 4 January 2022. Follows UKP April 2021 issued act about National Security and Investment. Also follows […]

On 21 December 2021, the Irish Takeover Panel published a consultation on proposals to amend its Takeover Rules and Substantial Acquisition Rules. Background:  Update both the Rules and SARs to account for developments in takeover practice and changes in legislation. Considers amendments that have been made in the UK to its Takeover Code in recent […]

On 15 December 2021, AST GVT registered foreign acquisitions act compilation. AST GVT issued 26th compilation of the Foreign acquisitions and takeovers act 1975, registered 15 December 2021, showing text of law as amended, in force on 8 December 2021. Overview An act relating to the foreign acquisition of certain land interests and to the […]