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Global rules on foreign direct investment (FDI)
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
Global | Publication | July 2019
Three weeks after China updated the negative lists for foreign investments in the pilot-free trade zones and elsewhere in the country (the Negative Lists), the Office of the Financial Stability and Development Committee under the State Council (国务院金融稳定发展委员会办公室) announced on July 20, 2019, a set of 11 measures aimed at accelerating the opening-up of the country’s financial services market (the 11 Opening-up Measures), which relate to the financial services industry that is under oversight by three regulators, namely the China Banking and Insurance Regulatory Commission (CBIRC), the China Securities Regulatory Commission (CSRC) and the People’s Bank of China (PBOC).
For any further questions relating to any of the 11 Opening-up Measures, please contact Sun Hong, Lynn Yang, Tony Zhong and Tong Ai of Norton Rose Fulbright, Shanghai Office.
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.
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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.
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