On 28 August 2024, IND IFSCA revised rules to facilitate securities listing. IND IFSCA published amendments to the Securities contracts (regulation) rules, 1957. Renamed Securities contracts (regulation) amendment rules, 2024, the rules aim to facilitate listing on a stock exchange in International Financial Service Centre. Amendments Introduced definitions for International Financial Services Centre and International […]
On 29 August 2024, SK FSC held a meeting on value-up, risk management. SK FSC held a meeting with SK FSS, SK FIA, 10 securities houses to discuss corporate value-up program, corporate finance, risk management, and investor protection. Corporate Value-Up Program SK FSC requested securities houses to lead the flow of funds for value-up companies, […]
India Fines for Failure to Disclose Major Shareholding
On 27 August 2024, the Spanish government said the takeover of Talgo would have entailed “insurmountable risks for national security and public order”. Background: Hungarian consortium Ganz-Mávag Europe’s €619 million takeover bid of Spanish train manufacturer Talgo Ganz-Mávag said the consortium would “take legal action both in Spain and in Europe” According to the Spanish […]
Germany BaFin Fines for Failure to File Major Shareholding Reports
On 26 August 2024, KUW CMA amended Kuwait clearing company regulations. KUW CMA issued resolution to amend the regulations of Kuwait Clearing Company regulating the lending and borrowing of securities to develop the capital markets. Overview Marks launching new type of investment instrument, in addition to central lending and borrowing service currently provided via lending […]