On 27 April 2022, Borsa Istanbul issued temporary short selling bans in three issuers, KLSYN.E, TSPOR.E, and YATAS.E effective 28 April 2022.
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Hong Kong – SFC Position Limit Regime Change
On 26 April 2022, HK SFC proposed changes to the position limit regime. HK SFC issued consultation paper on proposed changes to the position limit regime. Proposed changes address recent developments in Hong Kong's securities and futures markets, and align the requirements with HK SFC’s regulatory policies and objectives. Follows May 2017, HK SFC said…
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France – Gvt Public Takeover of Companies
On 23 April 2022, FR GVT issued order approving public equity investments. FR GVT issued order approving acquisition of shares in 2 companies by The Paris Mint. Also order of 12 April 2022 approving an endowment of €10mn for Monnaie de Paris. Equity Investment Order of 13 April 2022 approved equity investments by public institution…
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Poland – FSA Fines for Late Shareholding Reporting
On 22 April 2022, POL FSA announced penalty for improper share disclosure. POL FSA issued a decision made on Mar. 25, 2022 imposing a fine of PLN 770,000 on Waldemar Kosinski when acting with managerial responsibilities for Termo2Power SA. Case Background Waldemar Kosinski failed to fulfill the obligations on the notification of transactions he…
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India – RBI Updates Limits for Foreign Investors
On 19 April 2022, IND RBI updated the limits for investment in debt and sale of credit default swaps by foreign portfolio investors (FPIs) for the financial year (FY) 2022-23.
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Australia – Gvt Counterparty Law Changes
On 14 April 2022, AUT GVT published new resolution and enforcement rules. AUT GVT published new legislation amending the Restructuring and Liquidation Act, the Takeover Act, as well as Central Counterparty Enforcement Act, from August 2022. Restructuring and Liquidation Act The changes confirm that AUT FMA must form a separate unit within its structure to…
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