On 29 September 2022, IND SEBI issued a circular on the participation of SEBI registered foreign portfolio investors (FPIs) in exchange traded commodity derivatives in India. Follows IND SEBI September 2022 issued foreign portfolio investor regulations. Circular of 9 October 2018 repealed as eligible foreign entities process discontinued. Foreign investors to participate in exchange traded…
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About: Anna Monteiro
Recent Posts by Anna Monteiro
E.U. – ECB Qualifying Holding Procedures
On 28 September 2022, ECB consulted on guide to qualifying holding procedures. ECB consulted on guide relating to how to assess buyers of qualifying stakes in banks. Background A shareholder owning 10% or more of a given bank, or exercising significant influence over it, said to have qualifying holding; need ECB authorization to acquire qualifying…
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3 October 2022 – U.S. FINRA Fines For Violations of Naked Short Selling
U.S. FINRA Fines for Violating Naked Short Selling Rules
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Rulefinder Alerts to Temporary Short Selling Bans
On 29 September 2022, Rulefinder alerted to temporary short selling bans in S Korea and Turkey. Effective Date: 30 September 2022
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U.K. – CMA NEC Software/Capita Takeover
On 27 September 2022, UK CMA updated the administrative timetable for its in-depth investigation of the takeover by NEC Software Solutions UK Limited of SSS Public Safety Limited and Secure Solutions USA LLC (previously part of Capita plc). Extended the deadline for the final phase 2 decision from 26 October to 21 December 2022.
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Indonesia – FSA Stock Splits and Mergers
On 21 September 2022, IDN FSA issued a press release on the issuance of the regulation. Overview A public company must obtain approval in principle for the proposed stock mergers or stock splits from the same stock exchange that the company's shares are listed on. Stakeholders must consider a public company's financial fundamental performance, ratio…
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