On 21 September 2022, the SEC's Investment Advisory Committee had a public meeting to discuss shareholding disclosure reporting. Background: Proposed Rule 10B-1 Committee received comments on the proposed changes to 10B-1 Position Reporting of Large Security-Based Swap Positions / Asset-Based Swaps Discussion pertained to the modernizing of the reporting and regulation of the swaps markets.…
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U.K. – CMA NEC Software/Capita Takeover
On 16 September 2022 UK CMA provisionally found competition concerns. UK CMA provisionally found competition concerns as part of its in-depth investigation of the completed takeover by NEC Software Solutions UK Limited of SSS Public Safety Limited and Secure Solutions USA LLC (previously part of Capita plc). Follows UK CMA January 2022 probed NEC software…
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Taiwan – Published Consultation Paper RE: Foreign Investments
On 16 September 2022, TAI FSC published consultation paper with proposed amendments. Consultation will be open for 60 days. Background: TAI FSC proposed to amend regulations governing foreign investments by insurance companies, to increase the scope of recognition by foreign credit rating agencies.
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Rulefinder Alerts to Temporary Short Selling Bans
On 16 September 2022, Rulefinder issued an alert for temporary short selling bans in 2 countries. Short Selling Bans effective 19 September 2022.
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18 August 2022 – U.S. FINRA Censures and Fines for Short Selling
U.S. FINRA Censures and Fines for Short Selling Failure
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18 August 2022 – Hong Kong SFC Fines for Illegal Short Selling
Hong Kong SFC Fines for Illegal Short Selling
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