On 3 July 2024, SK FSC, SK FSS fined global IBs total of KRW 27.173mn. SK FSC, SK FSS said Securities and Futures Commission had decided to impose fines totaling KRW 27.173 against two former Credit Suisse affiliated investment banks. Follows SK FSS May 2024 discovered illegal short selling in 9 global IBs. Overview of…
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Sweden – INS Seeks to Amend Laws on Foreign Direct Investment
On 26 June 2024, SWE INS announced it has approached government offices to seek amendments to the law on the review of foreign direct investments. Insurance and occupational pension companies should be exempted from the obligation to notify certain acquisitions to the Inspectorate for strategic products. SWE INS previously informed the Inspectorate for strategic products…
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Hong Kong – SFC Updated Takeover Table
On 3 July 2024, the SFC updated its Takeover Table. Offer period for SciClone Pharmaceuticals (Holdings) Limited (Stock Code: 6600) is now closed.
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3 July 2024 – S Korea FSC Failure to Report Short Selling
S Korea Fines for Failure to Disclose Short Selling
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3 July 2024 – S Korea FSC Fines 2 for Breaches of Short Selling Regulations
S Korea Fines for Late Substantial Shareholding Report
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Belgium – Qualifying Holdings Reporting
On 27 June 2024, BEL CB issued circular on reporting acquisitions, disposals. BEL CB issued circular NBB_2024_09 to financial institutions on acquisitions, increases, reductions and transfers of qualifying holdings, and the relevant reporting templates. Purpose Update of circular NBB_2017_23 on the occasional and periodic reporting obligations of financial institutions to the supervisory authority in relation…
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