India Fines for Failure to Disclose Major Shareholding
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E.U. – Talgo Takeover Halted by Spanish Veto
On 27 August 2024, the Spanish government said the takeover of Talgo would have entailed "insurmountable risks for national security and public order". Background: Hungarian consortium Ganz-Mávag Europe's €619 million takeover bid of Spanish train manufacturer Talgo Ganz-Mávag said the consortium would “take legal action both in Spain and in Europe” According to the Spanish…
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29 August 2024 – Germany BaFin Fines for Late Major Shareholding Reports
Germany BaFin Fines for Failure to File Major Shareholding Reports
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Kuwait – CMA Amends Clearing Cos Regulations Re: Short Selling
On 26 August 2024, KUW CMA amended Kuwait clearing company regulations. KUW CMA issued resolution to amend the regulations of Kuwait Clearing Company regulating the lending and borrowing of securities to develop the capital markets. Overview Marks launching new type of investment instrument, in addition to central lending and borrowing service currently provided via lending…
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S Korea – FIA Proposes Changes to Securities Lending re: Short Selling
On 23 August 2024, SK FIA proposed revisions re securities lending terms. SK FIA proposed to revise Best practices for financial investment companies' securities lending and short selling processing, to unify transaction terms of lending services. Proposed Revisions Set the repayment period of listed securities lending transactions for short selling purposes mediated by financial investment…
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Hong Kong – SFC Issued Substantial Shareholding Announcement
On 23 August 2024, the SFC issued a substantial shareholding notification. Substantial shareholding reached reportable threshold in GoFintech Innovation Limited (stock code: 00290)
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