On 27 March 2o24, AST ASIC reissued regulatory guide on exceptions. AST ASIC said it has reissued RG 6 takeovers: exceptions to the general prohibition. Follows AST ASIC October 2020 updated guidance on share transfers. Key Points Takeover provisions in Ch 6 of ASTCA impose prohibitions restricting a person’s ability to acquire further voting power…
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S Korea – FSS Cautions on Equity Disclosure
On 24 March 2024, SK FSS issued violations, precautions re equity disclosure. SK FSS updated on violations, precautions re equity disclosure by listed companies. Violations/Precautions The acquisition of convertible bonds (CBs), bonds with warrants, or exchangeable bonds equivalent to 5% or more of the total number of issued stocks shall be reported. The stock acquisition…
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28 March 2024 – Australia ASIC Criminally Charges for Substantial Shareholding Violations
Australia ASIC Criminally Charges Individual for Substantial Shareholding Violations
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28 March 2024 – Sweden FI Fines for Naked Short Selling
Sweden FI Fines for Naked Short Selling
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Pakistan – SEC Report Shareholding Change
On 25 March 2024 PAK SEC issued circular re filing return with the registrar. PAK SEC issued a circular re filing of return with registrar for change in shareholding. Filing Per the Companies act, 2017, it is mandatory for an unlisted company to report any change of more than 25% in its shareholding, membership or…
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27 March 2024 – India SEBI Fines for Late Major Shareholding Reporting
India SEBI Fines for Late Major Shareholding Reporting
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