On 28 April 2023, SWI SBA updated on Credit Suisse takeover implications. SWI SBA updated on assessment of the implications of the Credit Suisse takeover. Follows SWI SBA March 2023 showed support for Credit Suisse takeover. Overview Takeover by UBS and measures taken by Swiss authorities were a drastic event for the Swiss financial center;…
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About: Anna Monteiro
Recent Posts by Anna Monteiro
U.S. – SEC Re-Opens Comment Period on Proposed Changes to 13D/G Filing
On 28 April 28, 2023, SEC reopened comment period to allow persons opportunity to comment on additional analysis, data contained in new staff memorandum published. Memo provided additional background, baseline data on Schedule 13D and 13G filings. Investigated effects on activism from proposed change to Schedule 13D filing deadline. Additional analysis of harms to certain…
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Rulefinder Alerts to New Temporary Short Selling Bans
On 28 April 2023, Rulefinder provided alerts to new temporary short selling bans in S Korea. These short selling bans will be in effect on 1 May 2023.
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Reports on Increased Short Selling Abound
Several news reports have indicated that various hedge funds have increased their short selling. London-headquartered hedge fund major Marshall Wace has established big short positions against several UK retailer; Citadel is betting against Deliveroo and has opened up a £27 million short position against the food delivery company, representing around 1.4% of the £1.9 billion…
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Taiwan – FSC Lowers Threshold for Substantial Shareholding
On 21 April 2023, TAI FSC passed the amended securities and exchange act. TAI FSC said that Executive Yuan passed third reading of Securities and Exchange Act. Amendment Revise threshold for substantial shareholding disclosure and announcement to 5%. Raise the lower limit penalties for violations of relevant regulations by securities firms, securities service enterprises and…
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Germany – BaFin Issues Fine for Late Shareholding Disclosure
On 20 April 2023, GE BaFin fined Prime Partners for failure to disclose substantial shareholding. GE BaFin fined Prime Partners for violations of German securities trading act (WpHG). Violations Prime Partners failed to submit proper notice of substantial shareholding to BaFin. This breach of shareholding notice is in violation of section 33, sentence 1 of…
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