On 30 August 2021, FR CMP issued a green light for joint takeover of Miniburo. FR CMP confirmed that on 10 August 2021, it had given the green light for the joint takeover of Miniburo by the French Deposit and Consignment Office (CDC) and Nexity. Summary Miniburo is a company that will offer coworking spaces…
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S Korea – Temporary Short Selling Ban
On 30 August 2021, it was announced by the Korean Exchange that there are three (3) issuers' shares subject to a one-day short selling ban. This ban is effective 31 August 2021 for one trading day.
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Malaysia – Extends Existing Short Selling Ban
On 26 August 2021, MLY SCM further extended the suspension of intraday short selling by proprietary day traders (PDT Short Sale) to 31 December 2021. Follows careful consideration of various initiatives currently undertaken to strengthen control measures for intraday short selling activities to promote market stability.
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SWI – GVT Foreign Investment Control
On 25 August 2021, SWI GVT issued rules on foreign investment control. SWI GVT Federal Council set parameters for monitoring investments in Switzerland. Aimed to implement motion 18.3021 Rieder Protecting Swiss economy by controlling investments; the project will probably be put for consultation at end of March 2022. The Federal Council has so far spoken…
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SWE – FI Fines for Late Shareholding Disclosure Reporting
On 23 August 2021, SWE FI fined Redmile Group SEK 1mn for late shareholding reporting. SWE FI issued penalty fee for Redmile Group for late flagging in Hansa Biopharma. Background On 9July 2020, Redmile Group, LLC announced it had increased its shareholding in Hansa Biopharma AB so that it exceeded five percent of all shares…
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PHI – SEC ASEAN Investment Company
On 17 August 2021, PHI SEC issued update confirming that qualified investment firms from Philippines may now offer shares to Malaysia, Singapore, Thailand, vice versa. Follows issue of rules in memorandum circular which apply to investment companies incorporated in Philippines who intend to participate, as well as foreign CIS of member jurisdictions that will offer…
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