On 7 October 2022, TAI FSC proposed relaxed rules for strategic industries. TAI FSC proposed to relax investment rules under article 2 of regulations of investment ceilings and guidelines governing financial holding company's venture capital subsidiaries investing in non-financial enterprises not listed on TAI EXC or TAI TPEX. Follows TAI FSC January 2022 permitted investment…
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Switzerland – CDBF Shareholding Reporting
On 6 October 2022 SWI CDBF reported case on group shareholding reporting. SWI CDBF issued comment on Federal Court's ruling 2C_546/2020 of 18 August 2022. The ruling clarified the terms of application of the standards on the disclosure of participations in collective capital investments under provisions of art. 120 of LIMF. Background The first financial…
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Germany – GVT Takeover of Uniper Energy
On 30 September 2022, GE GVT announced the takeover of energy company Uniper. GE GVT took over energy company Uniper securing energy supply in the country. Follows GE GVT September 2022 agreed comprehensive stabilization package. Overview Uniper is largest German importer of Russian gas, currently in acute financial distress. GE GVT has taken over 99%…
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6 October 2022 – U.S. FINRA Fines for Inaccurate Short Selling Disclosures
U.S. FINRA Fines for Inaccurate Short Selling Reporting
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Rulefinder Alerts to Temporary Short Selling Bans
On 6 October 2022, Rulefinder identified temporary short selling bans in two countries. Effective: 7 October 2022
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Taiwan – FSC Tightens Short Selling Rules
On 30 September 2022, TAI FSC made amendments re daily short selling orders. TAI FSC issued an order stipulating requirements for the sale of borrowed securities. Follows TAI FSC June 2021 adjusted margin purchase/short selling. Rules Combined balance of security borrowing and lending (SBL) short sale volume and margin short sales shall not exceed 25%…
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