On 7 October 2022, SEC reopened the public comment period due to a technological error. Reopened until 14 days after publication of reopening release in the federal register. Background: On Feb. 25, SEC proposed to enhance short selling disclosure reporting. Also SEC amends CAT NMS plan for short seilling disclosure report.
On 6 October 2022, AST ASIC guided on improving disclosure for hedge funds. AST ASIC issued regulatory guide 240 hedge funds: improving disclosure (RG 240) Supersedes prior October 2013 version; also noted related regulation impact statement. Follows AST ASIC February 2022 proposed remaking relief on PDSs, FSGs. Background Corporations act disclosure framework requires the issuer […]
On 7 October 2022, SIN MAS issued takeover code waiver for unlisted public companies. SIN MAS Securities industry council issued a practice statement on the application waiver of the Singapore code on takeovers and mergers to unlisted public companies. Overview Code applies to unlisted public companies incorporated in Singapore with more than 50 shareholders and […]
On 7 October 2022, TAI FSC proposed relaxed rules for strategic industries. TAI FSC proposed to relax investment rules under article 2 of regulations of investment ceilings and guidelines governing financial holding company’s venture capital subsidiaries investing in non-financial enterprises not listed on TAI EXC or TAI TPEX. Follows TAI FSC January 2022 permitted investment […]
On 6 October 2022 SWI CDBF reported case on group shareholding reporting. SWI CDBF issued comment on Federal Court’s ruling 2C_546/2020 of 18 August 2022. The ruling clarified the terms of application of the standards on the disclosure of participations in collective capital investments under provisions of art. 120 of LIMF. Background The first financial […]
On 30 September 2022, GE GVT announced the takeover of energy company Uniper. GE GVT took over energy company Uniper securing energy supply in the country. Follows GE GVT September 2022 agreed comprehensive stabilization package. Overview Uniper is largest German importer of Russian gas, currently in acute financial distress. GE GVT has taken over 99% […]