On 4 April 2023, SWI PRL issued update on interventions by the CER-N committee. After obtaining first-hand information on the events leading up to the takeover of Credit Suisse by UBS and the circumstances of this takeover, the National Council’s Committee on Economic Affairs and Taxation (CER-N) has acted on several proposals to submit postulates; […]
On 31 March 2023, RSA FSCA issued draft standard on short sale disclosures. RSA FSCA issued draft conduct standard re reporting and disclosure of short sales. Follows December 2018, RSA FSCA released discussion papers on short selling. Draft Standard Current regulatory framework in South Africa does not prescribe requirements for the reporting and disclosure of […]
On 30 March 2023, UK Treasury issued terms of reference for the review. UK Treasury issued terms of reference for the review of foreign direct investment. On same day UK GVT energy security plan to drive investment. Review of how UK can better attract foreign direct investment into key growth sectors to ensure most attractive […]
On 31 March 2023, Rulefinder alerted subscribers to new temporary short selling bans in several issuers in S Korea. These short selling bans will be effective on 3 April 2023.
On 28 March 2023, SWI SBA showed support for Credit Suisse/UBS takeover. SWI SBA Chairman Marcel Rohner and deputy CEO August Benz commented on the current situation of the Swiss financial center during a media conference on 21 March. Follows SWI GVT, SWI CB, FINMA March 2023 approved UBS/CS takeover. Best Solution SWI SBA said […]
On 27 March 2023, IND SEBI published amendments to the master circular so as to simplify, streamline the procedural requirements for the onboarding of foreign portfolio investors (FPI), in light of changed made by the amendment regulations noted above. Modifications include granting FPI registration on the basis of scanned copies of application forms and supporting […]