Hong Kong Fines for Fraud through Illegal Short Selling
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Hong Kong – SFC Trial For Illegal Short Selling
On 12 September, the Hong Kong regulator, SFC set the trial date for 4 individuals who committed securities fraud through illegal short selling. Between 23 June 2020 and 9 September 2020, it is alleged that the four defendants deceived an account executive at CVP Securities Limited (CVP) on several occasions by falsely claiming ownership of…
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Taiwan – FSC Securities Lending (re: Short Selling) Business
On 5 September 2024, 2024, TAI EXC amended Operating rules for securities business money lending by securities firms; provisions related to the lending for new share subscriptions by employees and original shareholders are amended. Also revised Operating rules for securities firms handling margin purchases and short selling of securities, the amendments aim to address issues…
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S Korea – FSC Meeting on Asset Management
On 5 September 2024, SK FSC held a meeting with asset management companies. SK FSC held a meeting with SK FIA and 10 asset management companies, to discuss asset management by life cycle, advanced capital market, sound market development. Overview of Meeting SK FSC requested for development of stable long-term investment pension products. Called upon…
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9 September 2024 – Sweden FI Fines for Late Substantial Shareholding Reporting
Sweden Fines for Late Substantial Shareholding Reporting
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Ireland – DETE Delays FDI Screening Initiative
On 3 September 2024, Ireland’s Department of Enterprise, Trade and Employment (DETE) delayed its foreign direct investment screening initiative. new screening of FDI under the Third Country Transactions Act 2024 new date not yet set but expect latter part of Q4 2024 new date will be indicated on their webpage Inward investment screening - DETE.
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