On 10 February 2023, TAI TPEX amended supplemental rules governing applications by group enterprises for TPEX listing of stock, to protect rights, interests of shareholders. Issuing company should submit a checklist completed by the recommending securities firm when applying for OTC listing, to prevent shell investment holding companies. Also made the same changes to rules…
Read more
About: Anna Monteiro
Recent Posts by Anna Monteiro
India – SEBI Issuer Articles of Association
On 9 February 2023, IND SEBI clarified re time frame for amending articles. IND SEBI issued a circular to clarify on the compliance by the first-time issuers of debt securities under SEBI issue and listing of non-convertible securities, regulations 2021. Clarification Some first-time issuers in the process of preparing for their first listed privately placed…
Read more
India – Overseas Short Selling Cause of Adani Collapse
A government probe into the collapse of Adani market capital revealed overseas short selling in shares of Adani is responsible for the $100B rout.
Read more
Rulefinder Alerts to Temporary Short Selling Bans
On 9 February, Rulefinder alerted to new temporary short selling bans in S Korea. These new short selling bans are effective 10 February 2023.
Read more
U.S. – CBOE BYX Position Change Priority
On 6 February 2023, Cboe BYX proposed to amend priority for position changes. Cboe BYX, EDGA, BZX, EDGX proposed to amend time priority for position changes. Provisions specified that certain changes in position will result in a loss of time priority. Proposal is substantially similar to MIAX timestamp short sell amendments. Rule Provisions Orders may…
Read more
India – SEBI Minimum Public Shareholding
On 3 February 2023, IND SEBI issued additional means to achieve shareholding. IND SEBI reviewed existing methods and introduced two additional methods to facilitate listed entities to achieve minimum public shareholding (MPS) requirements. Follows IND SEBI February 2018 issued minimum public shareholdings rules. Follows IND SEBI January 2023, modified provisions of existing framework. Methods Listed…
Read more
Recent Comments by Anna Monteiro
No comments by Anna Monteiro yet.