27 March 2024 – India SEBI Fines for Late Major Shareholding Reporting
India SEBI Fines for Late Major Shareholding Reporting
Australia – OMB Account Takeover Warrants
On 21 March 2024, AST OMB released report on use of undercover powers. AST OMB released report titled Uncovering the use of undercover powers, 2022-23 report to the Attorney-General on agencies’ compliance with the Crimes act 1914: controlled operations delayed notification search warrants account takeover warrants. It includes results of AST OMB’s inspections conducted under […]
Vietnam – GVT Foreign Institutional Investor Consultation Paper
On 21 March 2024, VIE GVT published related notification and the consultation paper. Background VIE SEC proposed to amend, supplement existing rules. VIE SEC drafted circular to amend, supplement existing regulations on securities transactions, clearing and settlement; activities of securities companies; and disclosure of information on the securities market; in accordance with Law on securities, […]
Hong Kong – SFC Short Selling Fraud Charges
On 20 March 2024, HK SFC said Yeung has been sentenced to 18 months in prison for securities fraud; Magistrate Mr. Jeffrey Sze Cho Yiu emphasized severity of the offense. Background HK SFC said Yeung pleaded guilty to securities fraud involving illegal short selling in proceedings. The case marks the first criminal conviction of securities […]
22 March 2024 – Austria FMA Fines for Major Shareholding Reporting Failure
Austria FMA Fines for Major Shareholding Reporting Failure
Sweden – ISP Updated Foreign Direct Investment Forms
On 19 March 2024, SWE ISP updated foreign direct investment forms and instructions. Updated documents are: Instructions for reporting foreign direct investment version 1.5; Notification of foreign direct investment form; plus appendix A; and appendix B.