On 7 June 2021, GRE HCMC announced compliance with ESMA guidelines. GRE HCMC announced it incorporated ESMA guidelines on certain aspects of MiFID II requirements regarding regulatory compliance function in its supervisory practice. The guidelines are available on its website in section Institutional Framework/Union Law/Recommendations-ESMA guidelines. Follows ESMA issued ESMA35-36-1952 translated into official languages.
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China – CBIRC Major Shareholder Behavior
On 17 June 2021, CHI CBIRC proposed measures for major shareholders. CHI CBIRC proposed trial measures to supervise the behavior of major shareholders of banking and insurance institutions, to improve corporate governance, prevent risks. Major shareholders are those that hold more than 15% of equity in specified banking and insurance institutions, hold the most shares,…
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U.K. – BAILLI Beneficial Ownership Shares
On 14 June 2021, UK BAILLI issued judgment in Pleshakov v Sky Stream. UK BAILLI issued Privy Council judgment in Pleshakov v Sky Stream [2021] UKPC 15. Case concerned with questions of trust law regarding beneficial ownership of shares. Appeal from decision of Court of Appeal which allowed an appeal against the decision of Bannister…
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Temporary Short Selling Ban in Effect
On 17 June 2021, Rulefinder reported a temporary short-selling ban will be in effect on 18 June in four securities listed on the Korean exchange.
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Thailand – SEC Investment Trust Offering
On 11 June 2021, Thai SEC made amendments to rules on disclosures for REITs. ThorChor. 47/2564 on issuance and offering of trust units of REITs, to add REITs with redemption clause and REITs with conditions for termination of the lease agreement. Sor. 38/2564 on contents of the trust deed of REITs, re appraisal of assets…
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Sweden – FSA Updates Short Selling FAQs
On 14 June, the Swedish regulator, Finansinspektionen published updated short selling FAQs on its website. FAQs are in Swedish only.
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