In The News

Thailand – SEC Major Shareholder Approval

On 13 November 2019, Thai SEC issued guidelines on submitting requests. Guide to submission of certification form for obtaining approval as a major shareholder. For those who become major shareholders of derivatives business, securities company. Followed notification 54/2562 of 23 July 2019, regarding requests for approval. Accompanied by form 90/91-1/AP25-1, Form 90/91-2/AP25-2, Form 90/91-3/AP25-3.  
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Jersey – States Beneficial Owner Register

On 12 November 2019, JER States issued notice on beneficial ownership register. Follows FATF October 2019 guide on beneficial ownership for legal persons. Highlights FATF guide had referred to Jersey, as example of best practice in beneficial ownership. Guide identifies common issues that countries face in identifying the beneficial owners. Suggested the key features of…
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China – SSE Disclosure Formatting Guidelines

On 8 November 2019, SSE issued four format guidelines for notices. Formats for disclosing entrusted wealth management, abnormal stock fluctuations, large changes in shareholding, profit distribution and conversion of public reserves. Disclosure Format Amount of content changed but focus is on improving quality of information disclosure. Revised format of entrusted wealth management has increased information…
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