Publication
Global rules on foreign direct investment (FDI)
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
Canada | Publication | May 25, 2020 - 10 AM ET
The Canadian Securities Administrators (the CSA) recently published a blanket order providing registrants and investment funds with renewed temporary blanket relief from certain regulatory filings and delivery obligations imposed by securities laws (the Relief).
The Relief provides a 60-day extension for certain filing, delivery and prospectus renewal obligations normally required to be made between the period of June 2, 2020, and September 30, 2020. The Relief essentially extends the previously issued temporary blanket order that applied to obligations falling during the period between March 23, 2020, and June 1, 2020 (the Previous Relief). Investment funds that have already relied on the Previous Relief may not rely on the Relief to further extend a deadline.
The conditions of the Relief are substantially similar to the Previous Relief. To rely on the Relief, investment funds must as soon as reasonably practicable: (i) notify the director of the investment funds and structured products branch by email; and (ii) post a statement on its public website, or the public website of its investment fund manager, stating that the investment fund is relying on the order and each applicable requirement for which it is relying on the order.
Should you have any questions on the implementation of any of the above or questions about ongoing filing obligations, do not hesitate to contact our team.
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