Publication
Regulation Around the World: Open Finance
In this issue of Regulation Around the World we look at how regulators are developing their proposals for Open Finance.
Global | Publication | December 29, 2015
On December 28, 2015, President Putin signed Decree No. 669 (the "Decree") amending previously issued Decree No. 583 on certain economic sanctions against the Republic of Turkey.
Pursuant to the Decree, not only are companies under the jurisdiction of the Republic of Turkey prohibited or restricted from providing certain works and rendering certain services on the territory of the Russian Federation, but also any companies controlled by either citizens of the Republic of Turkey or companies under the jurisdiction of the Republic of Turkey. The list of such works and services will be issued separately by the Russian government (as of December 29, 2015, no such list has been published).
According to the Decree, the term "control" shall have the meaning defined in the Strategic Law, which states that a company shall be deemed to be under the control of another person if one of the following is present:
Additionally, according to the official website of the Russian government, a list of Russian employers exempt from the ban on employment of Turkish citizens was adopted by the Russian government on December 24, 2015. The referenced list includes 53 companies in the construction, automotive, building materials, plastic pipes and fittings, sanitary ware and flooring sectors. As of December 29, 2015, such list has been published.
Publication
In this issue of Regulation Around the World we look at how regulators are developing their proposals for Open Finance.
Publication
On 3 July 2025 the UK Takeover Panel (Panel) published PCP 2025/1: Dual class share structures, IPOs and share buybacks (Consultation) setting out a proposed framework for the application of the UK Takeover Code (Code) to companies with dual class share structures (DCSS companies).
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