On 21 December 2022, SK FSC protected investor rights in M&A share transfers. SK FSC held seminar on measures to protect general investors in case of change in management rights by stock transfer; introduced mandatory tender offer system. This system obligates a company to acquire a certain percentage of stocks through a tender offer when…
Read more
About: Anna Monteiro
Recent Posts by Anna Monteiro
India – SEBI Foreign Portfolio Investors
On 19 December 2022, IND SEBI issued the master circular for foreign portfolio investors, depository participants, foreign investors, to supersede the operational guidelines (OG) issued 5 November 2019 above/incorporate changes to those OGs into new master circular. Circulars notifying changes to the 2019 OGs which have now been incorporated into new master circular are listed…
Read more
Sweden – FI Fines for Late Substantial Shareholding Disclosure
On 16 December 2022 SWE FI imposed a SEK400,000 penalty for late flagging. SWE FI decided Prior & Nilsson Fond- och Kapitalforvaltning Aktiebola (company) must pay SEK400,000 penalty fee for breach of the obligation to notify SWE FI in due time that its holding of shares and votes in Besqab AB (publ) exceeded a flagging…
Read more
21 December 2022 – India SEBI Fines for Failure to Disclose Substantial Shareholding
India SEBI Fines for Failure to Disclose Substantial Shareholding
Read more
Rulefinder Alerts to Temporary Short Selling Bans
On 21 December 2022, Rulefinder identified temporary short selling bans in two countries. Temporary short selling bans are in effect for 22 December 2022.
Read more
S Korea- FTC K Cube Holdings Voting Restrictions
On 15 December 2022, SK FTC penalized K Cube for violating voting rules. SK FTC issued a corrective order to K Cube Holdings, an affiliate of Kakao Co. Ltd, for violating restrictions on voting rights of financial companies and insurance companies. Violations Rules state that a company that belongs to a business group subject to…
Read more
Recent Comments by Anna Monteiro
No comments by Anna Monteiro yet.