Mercados de capital de deuda

Artículos Recientes

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  15/01/2025

  China

  2025 – Topics that may Concern You

  Companies doing business in China constantly have to deal with changes in regulations and new laws. This will also continue in 2025.Topics such as the new PRC Company Law, new PRC Tariff Law, PRC Regulations on Export Control of Dual-Use Items, network data security management, data transfer, opening up capital markets to foreign investment, and raise of statutory retirement age of employees etc. will continue to be a concern for many companies in China in 2025.Complying with regulatory requirements is one of the key challenges for foreign companies and investors in China, not only in terms of...

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  11/12/2024

  Luxemburgo

  CSSF Circular 24/867 to implement key amendments introduced by the Listing Act

  On 7 December 2022, the European Commission submitted a package of measures referred as the “Listing Act” (the Act). Its primary objective is to streamline and modernise the regulatory framework for companies seeking to list on public markets across the European Union (the EU), with the overarching goal of bolstering the competitiveness of EU capital markets and encourage broader participation by small and medium-sized companies.Following a provisional agreement reached between the European Parliament (the EP) and the Council on 1 February 2024, the Council of the European Union (the...

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  02/12/2024

  China

  China Overhauls its Rules of Foreign Strategic Investment in A-share Listed Companies

  On 1 November 2024, the long-awaited Administrative Measures for Strategic Investments in Listed Companies by Foreign Investors (“New Measures”) were jointly released by six government departments, including the Ministry of Commerce (“MOFCOM”) and the Securities Regulatory Commission. The New Measures have taken effect on 2 December 2024. They introduce significant changes, in particular in the areas of eligibility of foreign investors, investment modes, shareholding ratio threshold, lock-up period, and other obligations of the parties concerned.Currently, valuations in...

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  23/10/2024

  Luxemburgo

  How are Luxembourg se­cu­ri­ti­sa­tion vehicles affected by the NPL Law?

  On 12 July 2024, the Luxembourg Parliament adopted the draft bill No. 8185 (the NPL Law) transposing Directive (EU) 2021/2167 regarding credit servicers and credit purchasers entered into force on 28 December 2021[1]. The NPL Law provides an adequate framework for credit institutions to address non-performing loans (the NPLs) on their balance sheets and reduce a potential risk of future NPL accumulation. Additionally, it introduces new categories of service providers which will be subject to authorisation requirements under the law of 5 April 1993 on the financial sector, as amended.(To delve deeper...

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  18/10/2024

  EU

  The Council adopts the Listing Act

  On 8 October 2024, the Council of the European Union (the Council) adopted the package of measures known as the “Listing Act” (the Act), following the provisional agreement reached with the European Parliament (the EP) earlier this year. The Listing Act aims to make EU capital markets more attractive for small and medium-sized enterprises (SMEs).The Act made changes to:Regulation (EU) 2017/1129 of the EP and of the Council (the Prospectus Regulation),Regulation No 596/2014 of the EP and of the Council (the MAR), andRegulation No 600/2014 of the EP and of the Council (the MiFIR).Additionally,...

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  15/07/2024

  United Kingdom

  FCA overhauls the UK listing regime as part of the most ambitious listing rule reform in recent years

  On 11 July 2024, the Financial Conduct Authority (FCA) published its final policy position and rules for a revised UK listing regime to modernise the existing Listing Rules.These changes follow extensive market engagement and feedback over the last couple of years, including consultations in May 2023 and December 2023. In its final policy position, the FCA has gone further than expected (and in the face of significant dissent from certain quarters of the market), such as by the inclusion of rules allowing sovereign and other institutional investors to hold enhanced voting rights under dual class...

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