On 23 June 2023, HK SFC said 4 people charged for illegal short selling. HK FSC said 4 suspects who were charged with securities fraud and illegal short selling appeared at the Eastern Magistracy; the case will be adjourned to Aug. 18, 2023. Discovered their suspicious trading activities during joint operation with the police. The […]
On 26 June 2023, AST FIRB announced that the new register to notify the Australian government of foreign investment actions taken will be introduced on 1 July 2023. The new register will hold details of foreign ownership of Australian assets, including residential land, commercial land, agricultural land, water interests, mining and exploration tenements, and some […]
On 26 June 2023, Sweden’s FSA fined Modelio Equity AB for failure to report short selling. Modelio Equity AB failed to report threshold breaches in short selling on four separate occasions. Modelio crossed or fell below relevant reporting thresholds. Modelio has been ordered to pay a special fee of SEK 2.5M.
On 21 June 2023, SIN GVT issued exemption from section 379 regulations. SIN GVT published the Companies (listed foreign companies – exemption from section 379) regulations 2023 in the gazette, which come into operation on Jun. 28, 2023. Section 379 of the act requires a foreign company to maintain a register of members. Exemption A […]
On 16 June 2023, EFTA confirmed that EEA JC decision in force on 1 August 2023. Notification of fulfillment of constitutional requirements of Iceland on 15 June 2023. Background: On 10 February 2023, EFTA updated on notification of significant positions. EFTA updated on reg 2022/27 amending reg 236/2012 as regards the adjustment of the relevant […]
On 16 June 2023, LAO CB issued noticed on foreign investment certificate. LAO CB issued notice on application of certificate of foreign investment. Foreign investment companies shall apply for the certificate to do business in Laos. Specify the requirement documents such as a copy of business registration certificate. Documents required for fund transferred from aboard […]