Rulefinder – Alerts to Temporary Short Selling Ban
On 24 November 2021, Rulefinder’a Short Selling Data identified a temporary short selling ban in three issuers effective 25 November in S Korea.
Singapore – SGX Adds Volume Threshold for Iron Ore CFR China
On 22 November 2021, SGX amended SGX FTR RN 4.1.11 appendix A, added volume threshold for SGX options on MB Iron Ore CFR China (65% Fe Fines) index futures. Also amended appendix B to add minimum tick schedule for the same contract. Changes come into effect from 6 December 2021.
Austria – FMA Imposes Fine for Late Substantial Shareholding
On 4 November 2021, the FMA fined Compass Gruppe GmbH for belated notification of the exceeding of the 4% shareholding limit of shares in an issuer. The company failed to notify the FMA, the stock exchange company and the issuer (CLEEN Energy AG) of exceeding the substantial shareholding participation limit in due time.
U.K. – Investigation of Nvidia’s Takeover of Arm
On 16 November 2021, UK CMA announced the digital secretary asked CMA to carry out further investigation into NVIDIA’s takeover of Arm in a phase 2 investigation. Ordered an in-depth investigation on the grounds of national security and competition. Follows phase one process investigating the merger potential competition implications. UK CMA’s phase one report found […]
U.K. – GVT National Security Call-in Power
On 16 November 2021, UK GVT issued two further statutory instruments re NSI Act 2021. The National Security and Investment Act 2021 (Notifiable Acquisition) (Specification of Qualifying Entities) Regulations 2021, SI 2021/1264, as made on 10 November 2021. Sets qualifying entity definition, acquisition of which constitutes notifiable acquisition. The National Security and Investment Act 2021 […]
China – NEEQ Gangbao Disclosure Failure
On 16 November 2021, CHI NEEQ investigated Gangbao disclosure violation. CHI NEEQ investigated a disclosure violation by Gangbao, an innovation tier company. Violation Nanjing Iron and Steel Company, the controlling shareholder of Gangbao, had disclosed its plans to carve out Gangbao’s shares for listing on Beijing Stock exchange. Gangbao failed to disclose this on the […]