On 28 July 2022, SWI Takeover Board issued decision on restructuring of MCH Group. SWI TOB issued decision on the non-existence of an obligation to make takeover offer re MCH Group AG in connection with the restructuring of the MCH Group. MCH Group The primary purpose of the MCH Group is the acquisition, sale, management…
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India – SEBI 3rd Amendment Capital and Disclosure
On 25 July 2022, IND SEBI issued Securities and Exchange Board of India (issue of capital and disclosure requirements) (third amendment) regulations, 2022. Inserts chapter X-A on social stock exchange after chapter X and before chapter XI. Regulations shall come into force on the date of their publication in Official Gazette
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Australia – GVT Foreign Acquisition / Takeover Fees
On 21 July 2022, AST GVT issued foreign acquisition/takeover fees rules. AST GVT issued the Foreign acquisitions and takeovers fees imposition amendment (fee doubling) regulations 2022 on 21 July 2022, which amend the Foreign acquisitions and takeovers fees imposition regulations 2020 to double the listed fees. Effectiveness Regulations are in force from 29 July 2022;…
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Rulefinder Alerts to Temporary Short Selling Ban
On 26 July 2022, aosphere LLP's Rulefinder alerted to temporary short selling bans in S Korea effective 27 July.
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E.U. – ESMA Updated Measures and Penalties on Short Selling
On 20 July 2022, EU ESMA issued updated list of administrative measures, and penalties applicable to infringements of regulation on short selling and credit default swaps.
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Russia – Disclosure Information Criteria
On 19 July 2022, RUS NFA initiated development of issuer disclosure criteria. RUS NFA initiated development of new mechanisms/criteria for information disclosure by Russian issuers as currently firms have limited amount of information they disclose. Summary Limited disclosure of information by issuance documents leads negative consequences, making it difficult for investors to develop risk policies,…
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