On 11 September 2023, SWE ENT blogged on new law on investment controls which follows SWE MoJ May 2023 bill on review of foreign direct investment. Main Concerns Threshold values missing so even very small purchases are covered; combined with fact that changes in ownership stakes in certain intervals also subject to notification, means large…
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Spain – CB Fines €120,000 for Substantial Shareholding Reporting Failures
On 24 August 2023, ESP CB fined Bnext Electronic Issuer EDE SL €120,000 for substantial shareholding disclosure failures. Serious infringement for the failure to report, in a timely manner, the acquisition of and reduction in indirect shareholdings Imposed fines on the company and two of its directors: Mr. Juan Antonio Rullán de la Mata (€6,000),…
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11 September 2023 – Norway FSA Fines for Short Selling
Norway FSA Fines for Short Selling Breach
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Philippines – SEC Promotion on Short Selling
On 4 September 2023, PHI SEC issued press release re promoting short selling. PHI SEC aims to promote short selling to increase trading activity in the stock market. Document dated 4 September 2023, received from PHI SEC 7 September 2023, summarized on 7 September 2023. Press Release PHI SEC is examining practices from other Asian…
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Taiwan – FSC Proposed Amendment Public Acquisitions / Takeover Protection
On 4 September 2023, TAI FSC published the proposed amendment of Regulations governing information to be published in public tender offer / takeover prospectuses. And Regulations governing public tender offers / takeovers for securities of public companies. Consultation is open until 3 November 2023.
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S Korea – Rulefinder Alerts to New Short Selling Bans
On 6 September 2023, aosphere's Rulefinder alerted to new temporary short selling bans in S Korea. Effective Date: New temporary short selling bans will be in effect for 1 trading day on 7 September 2023.
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