On 4 July 2022, IND RBI issued requirements on sale of payment system. IND RBI issued requirements on takeover / acquisition of non-bank payment system operators (PSOs) and sale/transfer of payment system activity of non-bank PSO. Follows master directions on prepaid payment instruments (PPIs) dated 27 August 2021. Also follows guidelines on payment aggregators and…
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India – SEBI Imposes Fine for Substantial Shareholding
On 21 June 2022, SEBI imposed a monetary penalty on Tamarind Capital Pte Ltd under the provisions of section 15H(ii) of the SEBI Act for its violations of the provisions of Regulation 3(1) of the Substantial Acquisition of Shares and Takeovers Regulations. Tamarind Capital acting in concert with Jasmine Capital Investment acquired voting rights by…
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France – AMF ICData, Short Selling Data
On 1 July 2020, FR AMF reported on data strategy and data on short selling. FR AMF updated its data strategy with the public release of data on short selling. Background In December 2020, FR AMF created a new department in charge of data and supervision to make greater use of data to better analyze…
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Rulefinder Alerts to Temporary Short Selling Ban
On 5 July 2022, Rulefinder identified a temporary short selling ban in issuers in S Korea.
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India – SEBI Disclosure Requirements
On 28 June 2022, IND NSD issued operational guidelines for capturing reasons for all types of encumbrances and details of ultimate lenders in the depository system. Applicable where shares are pledged in favor of the trustee by the promoters. Specified reasons for encumbrance and codes; system will be ready on 1 July 2022. Background: In…
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Australia – FIRB Foreign Acquisition/Takeover
On 30 June 2022, AST FIRB announced 2022-23 foreign investment application fees have been indexed and issued guidance containing fee schedule and other information. The revisions apply to applications made and notices given from 1 July 2022.
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