On 8 July 2021, Nasdaq Nordic reported on discipline re takeover disclosure. Nasdaq Nordic (Stockholm) has fined Amasten Fastighets for breaching takeover rules. Overview Amasten Fastighets has been ordered to pay a SEK 1,000,000 fine regarding disclosure of a public takeover offer to shareholders in SSM Holding AB on 14 October 2020. Nasdaq Stockholm disciplinary…
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U.K. – Takeover Panel Publishes 13th Edition of Takeover Code
On 5 July 2021, UK TO Panel published the thirteenth edition of the Takeover Code. New version published on the Panel’s website; copies have been sent to subscribers.
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Rulefinder Reports Temporary Short Selling Ban
On 8 July 2021, Rulefinder reported a temporary short selling ban effective 9 July 2021.
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Malaysia – SCM Fund Management Disclosure
On 5 July 2021, MLY SCM amended guidelines on compliance function. MLY SCM updated guidelines on compliance function for fund management companies. To ensure there are controls and compliance established towards ensuring investor protection and market confidence, and activities are in compliance with requirements. Amendments Amend paragraph on disclosure, to remove requirement to disclose interest…
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Vietnam – SEC Foreign Investment Activities
On 2 July 2021, VIE SEC issued circular on activities in the stock market. VIE SEC informed of VIE GVT circular guiding the obligations of organizations and individuals on foreign investment activities on the Vietnamese stock market. Circular Guides the implementation of article 138 of decree no. 155/2020/ND-CP, detailing the implementation of the law on…
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Denmark – CRG Foreign Investment Screening
On 1July 2021, DEN CRG issued guidance on investment screening rules. DEN CRG announced new rules on investment screening entered into force on 1 July 2021. For screening of foreign direct investments and special economic agreements in DEN. Foreign investors must therefore in some cases apply for permit for/notify investments and agreements with Danish companies/entities…
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