Monthly Archives: November 2019

Philippines – SEC R&L Investment Takeover

On 15 November 2019, PHI SEC ordered CMIC takeover of R&L Investments. Ordered Capital Markets Integrity Corporation (CMIC) to take over the operations of R&L Investments, to protect affected customer accounts on 14 November 2019. Following the stock brokerage’s collapse allegedly due to unauthorized transfers of proprietary, client shares worth about P700mn into an account…
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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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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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