On 9 August 2023, TAI FSC published consultation paper on the above amendments.

• The consultation is open for 60 days, until 11 October 2023.

Background:

• Aims to lower the reporting threshold for substantial shareholdings from 10% to 5%.
• Shareholders will be able to submit their reports through file uploads on the market observation post system (MOPS), to effectively complete the reporting process.
• Government-managed retirement, insurance funds will be subject to special regime, with semi-annual reporting deadlines within 10 days for initial/subsequent changes.
• Shareholders with 5% to 10% shares of publicly traded company's total issued shares before implementation date must report within 10 days after the new rules take effect.