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Ireland
On 31 October 2023, the Screening of Third Country Transactions Act 2023 (the “Act”), which establishes a new foreign direct investment ("FDI") screening regime in Ireland, was enacted.
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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
On 31 October 2023, the Screening of Third Country Transactions Act 2023 (the “Act”), which establishes a new foreign direct investment ("FDI") screening regime in Ireland, was enacted.
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The EU Foreign Subsidies Regulation, or FSR, is intended to prevent or remedy distortions of the EU internal market caused by “foreign” – meaning non-EU – subsidies benefitting companies active in the EU.
Publication
The conventional wisdom is that ‘securitisation caused the great financial crisis’ (GFC). A further piece of conventional wisdom is that this was due to the misalignment of incentives between securitisation originators and securitisation investors . This conventional wisdom in turn drove much of the regulation of securitisation we now have.
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