India SEBI Fines for Failure to Disclose Substantial Shareholding
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30 November 2022 – India SEBI Fines for Failure to Disclose Substantial Shareholding and Takeover Breach
30 November 2022 - India Sebi Fines Fines for Failure to Disclose Substantial Shareholding and Takeover Breach
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S Korea – FSS Foreign Investment / Short Selling
On 29 November 2022, SK FSS issued final rules approved on 28 November, effective 30 November 2022. Background: On 4 November 2022, SK FSS proposed rules on registration, short selling reports. SK FSS proposed Detailed regulations of the regulations on financial investment business, to ease burden on foreign investment business submitting documents. Revise registration form;…
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Brazil – CB Shareholdings Held Abroad
On 25 November 2o22, BRZ CB issued provisions for equity and branches abroad. BRZ CB published Resolution 5.043 governing supervised institutions' shareholdings. Equity Held Abroad Covers filing requests with BRZ CB for equity interest or for branch installation abroad. Also, equity participation in companies headquartered in countries with tax benefits. Allows direct/indirect control via partner…
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Rulefinder Alerts to New Temporary Short Selling Bans
On 29 November 2022, Rulefinder identified new temporary short selling bans in two countries. Effective: New temporary short selling bans are effective 30 November 2022.
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India – SEBI T+1 Rolling Settlement Basis
On 23 November 2022, IND CDSL, IND BSE, IND NCL, IND NSE, IND ICCL, IND MSE, and IND NSDL said the transition to T+1 settlement cycle will now be done in single batch. In January 2023, in case of all stocks for which derivatives are available, for efficiency. Exchanges will thus revise the original schedule…
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