![Global rules on foreign direct investment](https://www.nortonrosefulbright.com/-/media/images/nrf/nrfweb/knowledge/publications/us_24355_legal-update--fdi-alert.jpeg?w=265&revision=a5124a65-abf9-40e4-8e96-9df39ffdb212&revision=5250068427347387904&hash=96B456347C3246E5649838DF281C5F5D)
Publication
Global rules on foreign direct investment (FDI)
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
Author:
Canada | Publication | March 2, 2021
Just in time for the 2021 proxy and continuous disclosure season, the Canadian securities regulators have published guidance for improved disclosures related to COVID-19. One year into the pandemic, boilerplate disclosure and descriptions of the impacts of COVID-19 without analysis will no longer pass muster with the regulators.
The February 25 publication is an update from disclosure guidance published in October 2020. Once again, the securities regulators set out in detail disclosure inadequacies in issuers’ MD&A and financial statements. They also highlight issues common to specific industries.
While issuers have been impacted in different ways by the COVID-19 pandemic, there are some common themes in the disclosure improvement guidance provided by the securities regulators:
While much of the focus of the securities regulators’ guidance relates specifically to financial statements and MD&A, the regulators also highlighted several broader areas of disclosure that are routinely singled out as requiring improvement:
In addition to the more general guidance highlighted above, the notice from the securities regulators includes specific disclosures examples, industry-specific observations and lists of issues to consider when preparing the annual disclosure documents. The publication is accessible here.
Publication
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
Publication
On February 2, 2024, the Belgian Presidency of the Council of the European Union confirmed that the Committee of Permanent Representatives had signed the Artificial Intelligence (AI) Regulation, referred to as the AI Act. Approval by the EU Parliament followed on 13 March 2024, and the AI Act is likely to appear in the EU’s Official Journal around May 2024. The AI Act aims to establish a stringent legal framework governing the development, marketing, and utilisation of artificial intelligence within the region, thereby marking a significant advancement in the regulation of this burgeoning domain.
Publication
The EU’s Artificial Intelligence Regulation, commonly referred to as the AI Act, is expected to come into force during the summer of 2024 (the AI Act). The AI Act will be the first comprehensive legal framework for the use and development of artificial intelligence (AI), and is intended to ensure that AI systems developed and used in the EU are safe, transparent, traceable, non-discriminatory and environmentally friendly.
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2023