On 31 August 2020, IND SEBI decided that for the entities from jurisdictions which are under lockdown, the temporary relaxations shall be extended until lockdown is lifted. However, in-transit applications shall be processed on the basis of previous provisions. For entities from jurisdictions where lockdown is lifted, the relaxation is not applicable.
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Rulefinder Provides Data for Takeovers and Short Selling
Rulefinder, a leading regulatory reference product offered by aosphere, LLP offers data for Takeovers and Short Selling bans.
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South Korea – Extension of Short Selling Ban
On 27 August 2020, SK FSC extended the ban from 16 September 2020 to 15 March 2021. Lifting of share buyback limits for listed companies is also extended during the period.
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Sweden – Fines BNP Paribas Late Short Selling Report
On 26 August 2020, SWE FI issued fine to BNP Paribas for late reporting. SWE FI imposed fine of SEK 5,000 to BNP Paribas due to failure to notify on time a short net position in shares in SAS AB achieved relevant threshold for notification. Based on §5 of Act [2012:735] with supplementary provisions of…
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Russia – EXC Start Foreign Stock Trading
On 24 August 2020, RUS EXC announced start of trading in foreign stocks. RUS EXC began trading in foreign equities on 24 August 2020, admitting 20 stocks from S&P 500 Index, 19 stocks available for trading in main and after-hours trading sessions. Stocks Covered Apple stock to be added 7 September 2020, with delayed launch…
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Philippines – SEC Nully PSI Share Acquisition
On 20 August 2020, PHI SEC nullified acquisitions by PSI shareholder group. PHI SEC nullified acquisition of substantial shares in Professional Services (PSI), which operates The Medical City, by shareholder group who used fraud to take control of PSI. Follows PHI SEC November 2019 fined shareholders in takeover of Medical City. PSI Shares In 13…
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