On 3 June 2024, IND SEBI formed a committee to review clearing firms. IND SEBI formed an ad-hoc expert committee to review ownership and economic structure of clearing corporations and the committee will be chaired by Usha Thorat. The ad-hoc expert committee will also suggest measures to ensure that clearing corporations function as resilient, independent,…
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Hong Kong – SFC Takeover Table Updated
On 11 June 2024, the SFC updated its takeover table. Offeror in takeover involving CPMC Holdings Limited (stock code: 00906) has been changed to Huarui Fengquan Development Limited.
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U.A.E – DC Securities Lending, Borrowing Re: Short Selling
On 5 June 2024, UAE DC issued securities lending and borrowing rules version 2.3. Added securities may be lent by professional investor whenever he is a foreign entity licensed by equivalent regulatory authority or foreign banking supervisory authority. When lending to its professional investor clients and from its own account, provided this is under international…
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India – SEBI Foreign Portfolio Investor Amendments
On 3 June 2024, IND SEBI amended foreign portfolio investor regulations. IND SEBI published the SEBI (foreign portfolio investors) (amendment) regulations, 2024, which make amendments to the 2019 principal regulations on the same subject. The changes aim to streamline the regulatory framework governing FPIs in India. Follows IND SEBI May 2024 issued a new master…
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Norway – Govt Changes to MiFID II, MiFID
On 3 June 2024, NOR GVT issued two EEA notes on the potential changes to both MiFID II and MiFIR, setting out the areas for consideration for changes to be made. On MiFID II, NOR GVT set out the change by introducing Directive 2024/790, of 28 February 2024 amending Dir 2014/65, on markets in financial…
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Hong Kong – SFC Takeover Table Update
On 3 June 2024, the SFC published the update on takeover table. Takeover offer period for Langham Hospitality Investments and Langham Hospitality Investments Limited (Stock Code: 1270) closed on 31 May 2024.
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