On 26 May 2022, The Takeover Panel released PCP 2022/2 for public comment. The consultation paper sets out a number of proposed amendments to the presumptions of the definition of "acting in concert" in the Takeover Code. Comment period is open through 23 September 2022.
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Rulefinder Alerts to Temporary Short Selling Bans
On 31 May 2022, aosphere LLP's Rulefinder shareholding disclosure intelligent solution alerted to multiple temporary short selling bans in Turkey and S Korea.
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China – CB Opens Bond Market to Foreign Investment
On 27 May 2022, CHI CB opened bond market to foreign investment. CHI CB, CHI CSRC and CHI SAFE issued a joint notice on further facilitating foreign institutional investors to invest in China's bond market, to open up the bond market. Follows September 2020, CHI CB, CHI SAFE proposed rules re foreign investors. Foreign Investment…
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S Korea – Change in Filing Deadline for Shareholding in Banks
Effective 9 May 2022, the FSC loosened the reporting deadline from 5 days to 10 days for the shareholding 4% threshold in commercial banks. See the FSC press release (in Korean only) for details of the change.
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Rulefinder Alerts to Temporary Short Selling Bans
ON 25 May 2022, aosphere, LLP's Rulefinder identified temporary short selling bans effective 26 May 2022.
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U.K. – LME Position Management Policy
On 19 May 2022, UK LME issued circular on updated accountability levels. UK LME reported changes to accountability levels in relation to position management. Follows UK LME May 2022 proposed rules on OTC metals positions reporting. Overview Notice informs market participants of changes to the single prompt accountability levels and the all prompt accountability levels…
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