On 5 December 2024, ARG CNV has made the obligation to report more flexible. ARG CNV issued General Resolution 1035/2024 re flexibility of substantial shareholdings report. Highlights Criteria and deadlines will be modified to ensure data transparency and improvement. From 5% threshold, substantial shareholding must be reported when reach multiples of value. 10 business days […]
On 26 November 2024, the central government in India announced several proposals aimed at reforming the insurance sector, including raising the FDI limit for Indian insurance companies from 74% to 100%. Comments on the proposed amendments should be submitted by 10 December 2024 eMail to consultation-dfs@gov.in Government Office Memorandum is available here.
On 6 December 2024, the SFC updated its Takeover table to reflect the following: new offer period has commenced for Vertical International Holdings Limited (stock code: 8375) from 5 December 2024. Visit SFC Takeover Table
On 26 November 2024, SK FSS fined Mirae Asset Securities for liquidity fails. SK FSS fined Mirae Asset Securities, for violating the duty to maintain liquidity ratio and submit business reports, the ban on credit extension to affiliates’ executives. Disciplinary Actions Imposed a caution, KRW 696mn penalty surcharge, KRW 578mn fine for negligence against firm; […]
On 28 November 2024, ALG COSOB issued instruction on the qualified investor. ALG COSOB issued instruction 24-08 of 27 November 2024 relating to the qualified investor. Follows ALG COSOB January 2024 in gazette Order of 28 November 2023 approving COSOB Reg 23-04 of 25 October 2023, on General Regulations of Stock Exchange. Main Points Instruction […]
On 26 November 2024, SK FSS fined Korea Investment, affiliate KRW 1.022bn. SK FSS disciplined Korea Investment Holdings and Korea Investment & Securities. Document dated 26 November 2024, received from FSS 27 November 2024, summarized on 29 November 2024. Korea Investment Holdings Imposed KRW 72mn fine for negligence against the firm, issued a caution against […]