On 1 December 2022, SK FSC strengthened the prevention of unfair transactions. SK FSC issued plans to disclose identity of entities committing unfair trading practices. For those who violate capital market regulations such as restoration of short selling and prohibition of market disturbances, fines and penalties will be imposed. Disclosure Initiative If an investigation led…
Read more
About: Anna Monteiro
Recent Posts by Anna Monteiro
Serbia – Will Substantial Shareholding Regime to TDA
On 6 January 2023, Serbia will align its substantial shareholding disclosure rules with the Amended Transparency Directive (TDA). Key Points: No changes to existing thresholds Deadline for filing substantial shareholding disclosures remains unchanged Effective: 6 January 2023.
Read more
Israel – TASE Update to Short Selling Guidelines
On 1 December 2022, ISR TASE published approval by the authorities to amend TASE rules. Key Changes Delete the definitions lender member and borrowing member, correct the definitions sale missing, lender and borrower, and add a definition to missing balance. Amend definition of short selling so a customer who borrowed a security from a member…
Read more
Belgium – FEB Foreign Investment Screening
On 2 December 2022, BEL FEB updated on the agreement reached by the consultation committee on 30 November 2022, re the screening mechanism for foreign investment. Greenfield investments were excluded from scope, nanotechnologies were added to it, corrective measures aren't listed exhaustively but must meet a proportionality test. A more in-depth investigation can only be…
Read more
Australia – ASIC Takeovers, Relevant Interests
On 30 November 2022 AST ASIC proposed class orders remake i.e. re takeovers. AST ASIC released Consultation paper 365 remaking ASIC class orders on takeovers, compulsory acquisitions and relevant interests; seeks feedback regarding the same. 9 class orders will expire (sunset) if not remade; does not propose significant changes. AST ASIC said that it proposes…
Read more
2 December 2022 – India SEBI Fines for Failure to Disclose Substantial Shareholding
India SEBI Fines for Failure to Disclose Substantial Shareholding
Read more
Recent Comments by Anna Monteiro
No comments by Anna Monteiro yet.