On 16 February 2023, IND SEBI issued master circular on takeover procedures, formats. IND SEBI issued master circular for procedures and formats under SEBI (substantial acquisition of shares and takeovers) regulations, 2011 (takeover regulations). Follows IND SEBI March 2022 on the system driven disclosures. Overview Enables stakeholders to have access to provisions of applicable circulars…
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S Korea – FSC Names Foreign Firms for Naked Short Selling
On 9 February 2023, the FSC publicly announced the sanctioning of five firms for naked short selling.
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17 February 2023 – U.S. SEC Fines for Short Selling
U.S. SEC Fines for Late Substantial Shareholding Disclosure
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17 February 2023 – U.S. SEC Fines for Short Selling
U.S. SEC Fines for Short Selling
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Rulefinder Alerts to New Temporary Short Selling Bans
On 17 February 2023, Rulefinder alerted to new temporary short selling bans in S Korea. These short selling bans will be in effect on 20 February 2023.
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India – SEBI InvIT Regulations Amended
On 14 February 2023, IND SEBI amended infrastructure investment trusts rules. IND SEBI issued the infrastructure investment trusts amendment regulations, 2023. Amend SEBI infrastructure investment trusts (InvITs) regulations, 2014, which are now renamed SEBI (infrastructure investment trusts) regulations, 2020. Key Provisions Amendments are made to clauses concerning changes in control of ownership or in controlling…
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