In The News

Hong Kong – SFC Issues New Forms for Electronic Disclosures

On May 5, SFC issued forms for disclosure of interest notifications. Covers new forms for electronic disclosure of interests notifications (DI notices). They are to be filed through new Disclosure of Interests Online System (DION). Notifications and reports to be filed electronically after 3-month transition period. Filers will not be required to submit DI notices…
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PRA Issues Final Policy on MiFID II: Part 2 Implementation (PS9/17)

On 28 April PRA issued final policy on implementation of MiFID II: Part 2 and MiFIR This PS is relevant to banks, building societies, PRA-designated investment firms and their qualifying parent undertakings, which for this purpose comprise financial holding companies and mixed financial holding companies, as well as credit institutions, investment firms and financial institutions that…
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Takeovers: Argentina – ACNV Acquisition Limit Offers

On Apr. 27, ACNV issued rules to raise public acquisition offers. Increased the percentage from 15% to 35%, to be considered significant participation. Significant participation determines the mandatory nature of launching a takeover bid. Takeover Bid RG No. 689 establishes obligation to launch partial takeover bid, when stake exceeded. When intend to achieve a stake…
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