29 August 2024 – Germany BaFin Fines for Late Major Shareholding Reports
Germany BaFin Fines for Failure to File Major Shareholding Reports
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 […]
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 […]
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)
Vietnam – CB Proposed Regulations RE: Shareholding Limits
On 16 August 2024, VIE CB proposed regulations re shareholding limits. VIE CB proposed regulations for commercial banks whose shareholders and related parties shares exceed the limits prescribed by the Law on credit institutions 2024. Follows VIE PRL February 2024 approved the draft law on credit institutions. Proposal Due to the Law on credit institutions […]
Germany – BaFin Fines for Substantial Shareholding Reporting Failure
On 20 August 2024, GE BaFin issued €1,600,000 fine to NBSH Acquisition for substantial shareholding reporting failure. GE BaFin imposed fines totaling €1,600,000 on NBSH Acquisition LLC on 27 May 2024. The company violated obligations of section 33(1) of the German Securities trading act (WpHG) by not submitting substantial shareholding notifications within the prescribed period. […]