On 16 November 2022, PHI EXC consulted on listing, disclosure, trading rules. PHI EXC issued a consultation paper titled proposed amendments to the consolidated listing and disclosure rules and revised trading rules (2022 amendments - part II). Consultation paper proposes numerous changes to consolidated listing and disclosure rules (consolidated rules); also proposes an amendment to…
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23 November 2022 – Finland FSA Fines for Late Short Selling Reporting
23 November 2022 - Finland FSA Fines Eisler Capital for Late Short Selling Reporting
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U.K. – Gov’t Moves to Pass National Security Bill
On 16 November 2022, UK GVT stated that the National Security Bill has reached its final stage in House of Commons and is about to pass to House of Lords, as it moves towards becoming law.
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Rulefinder Alerts to Temporary Short Selling Bans
On 17 November 2022, Rulefinder alerted subscribers to temporary short selling bans in two countries. Short selling bans are effective on 18 November 2022.
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India – SEBI Share Acquisition, Takeovers
On 9 November 2022, IND SEBI amended regulation re public disinvestment. IND SEBI published the SEBI ((substantial shareholdings and takeovers) (amendment) regulations, 2022, effective upon publication in the official gazette. They amend SEBI (substantial shareholdings and takeovers) regulations, 2011. Follows IND SEBI December 2021 third amendments to takeover regulations. Amendments Inserted provisos that price determined…
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U.K. – CMA NEC Software/Capita Takeover
On 11 November 2022, UK CMA published responses from NEC Software Solutions (NECSWS) and SSS Public Safety (SSS) to provisional findings and possible remedies. NECSWS did not agree with UK CMA's current view that a full divestment of SSS is the only potential effective remedy, stating it is unreasonable and inconsistent with CMA's stated guidance…
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