On 20 March 2023, SIN MAS commented on operations of Credit Suisse AG. SIN MAS commented on Credit Suisse's operations after annoucement of the takeover. Follows SWI GVT, SWI CB, FINMA March 2023 approved takeover of CS. Statement Takeover is not expected to have an impact on stability of Singapore's banking system. CS customers will…
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About: Anna Monteiro
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S Korea – FSC Registering Foreign Investment
On 20 March 2023, SK FSC proposed amendment on capital market act. SK FSC proposed amendment on Enforcement decree of the financial investment services and capital markets act, to abolish foreign investment registration system. Also to expand limit for small public offerings and to enhance international consistency. Amendments Limit for small public offerings that are…
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Switzerland – GVT UBS/Credit Suisse Takeover
On 19 March 2023, SWI GVT, SWI CB, FINMA approved UBS takeover of CS. SWI GVT, federal council welcomed and supported UBS takeover of Credit Suisse (CS). Swiss National Bank provided substantial liquidity assistance to support UBS takeover. SWI FINMA also confirmed that it has approved the takeover of Credit Suisse by UBS. Follows SWI…
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U.S. – SEC 13F Form Action Against Mormon Church is a Reminder
In mid-February 2023, the SEC fined the Church of Latter Day Saints (LDS) for 13F form reporting failures.
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Rulefinder Alerts to New Temporary Short Selling Bans
On 16 March 2023, Rulefinder alerted subscribers to three issuers with temporary short selling bans. These short selling bans will be effective 17 March 2023.
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Australia – ASIC Relaxation of Short Selling
On 13 March 2023 the AST GVT registered the 4th compilation dated 21 February 2023, ASIC corporations (short selling) instrument 2018/745 to reflect ASIC corporations (amendment) instrument 2023/24 above. This 4th compilation shows the text of the law as amended and in force on 31 January 2023.
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