On 6 August 2024, IND SEBI proposed measures re investments by foreigners. IND SEBI issued consultation paper on investment by foreign investors through segregated portfolios/ participatory-notes/ offshore derivative instruments. Objective Investments made by foreigners through Offshore Derivative Instruments (referred to as ODIs) or through segregated portfolios of FPIs are currently not subject to the same…
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S Korea – FSS Funds Voting Rights Disclosure
On 6 August 2024, SK FSS issued voting rights disclosure inspection outcome. SK FSS issued the results of an inspection on the status of voting rights exercise and disclosure by asset management companies, as well as its future supervisory plan. Follows SK FSS April 2023 set up a task force to revise voting guidelines. Also…
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Hong Kong – SFC Takeover Table Updated
On 7 August 2024, the SFC updated the takeover table to close offer period for L’Occitane Holding S.A. (Stock Code:0973). Effective: The offer period closed on 6 August 2024.
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Hong Kong – SFC Takeovers Table Updated
On 7 August 2024, the SFC announced a new takeover offer period for Hang Pin Living Technology Company Limited (stock code: 1682). Effective: Takeover commenced from 6 August 2024.
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6 August 2024 – Austria FMA Fines for Late Reporting of Substantial Shareholding
Austria Fines for Late Reporting of Substantial Shareholding
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India – SEBI Foreign Portfolio Investors
On 6 August 2024, IND SEBI modified the Foreign Portfolio Investors FPI master circular for university funds. University fund or university-related endowments shall not be required to make the additional disclosure as specified, subject to fulfilling additional conditions. Additional conditions include that Indian equity AUM should be less than 25% of global AUM, and global…
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