On 14 May 2024, AST GVT registered an amendment and repeal instrument. AST GVT registered ASIC corporations (amendment and repeal) instrument 2024/229. As per explanatory statement, it repeals instruments which no longer have any legal effect, but would otherwise continue to be identified as in force until their sunset date. Repeals The instrument repeals ASIC […]
U.S. SEC Fines for Illegal Short Selling
On 13 May 2024, KUW CMA fined firm for disclosure, and transparency violation. KUW CMA issued Disciplinary Resolution 76 of 2023 against The Building Company. Imposed a financial penalty against company for violating disclosure and transparency rules of Module 10 of Executive Regulations of Law No. 7 of 2010 and its amendment. Violations Violated provisions […]
On 10 May 2024, UK FCA reported on sentencing hearing at Southwark Crown Court. Stuart Bayes was sentenced to 18 months’ imprisonment, suspended for 2 years. Also given Rehabilitation Activity Requirement of 35 days, must carry out 150 hours of unpaid work; Judge said Bayes deliberately and dishonestly probed for information on when the takeover […]
On 10 May 2024, TAI EXC issued compliance guide for listed firm directors. TAI EXC published Compliance brochure for directors and supervisors of TWSE/TPEx-listed and emerging market companies, in both Chinese and English versions. Compliance Brochure Provides a reference of the obligations to be complied with by the directors and supervisors of the relevant TWSE/TPEx-listed/emerging […]
On 9 May 2024, POL UOK issued new clarifications on investment control regulations. Purpose of regulations was to protect against takeover of Polish companies important for public order, safety or health by entities from outside the EU, EEA and the OECD; the solution is modeled on regulations existing in other countries e.g. GE, FR, ITA. […]