On 4 August 2025, SEC settled charges for public offering of stock violations. SEC settled charges against Sourcerock Group, LLC for violating public offering rules, when it purchases stock for advisory clients after short selling the same stock. Allegations Sourcerock purchased stock in a public offering of securities for six advisory clients after selling short…
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Thailand – CB Shareholding Regulation Consult
On 4August 2025, Thai CB consulted on shareholding, transaction regulations. Thai CB launched a consultation on a draft announcement to revise regulations governing shareholdings of financial institutions and holding companies that are parent companies of financial business groups. It is also consulting on regulations related to transactions between financial institutions and their major shareholders or…
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Pakistan – SEC Introduces Ultimate Beneficial Ownership Registry
On 29 July 2025, PAK SEC introduced above mentioned amendments to Companies regulations, 2024 establishing centralized ultimate beneficial ownership (UBO) registry. UBO data will be accessible to financial institutions and other stakeholders as needed. UBO information submission required for financial years ending 30 June 2025 or later.
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Australia – Takeover Panel PointsBet Takeover Case
On 30 July 2025, AST Takeover Panel said PointsBet lodged application re takeover. AST Takeover Panel it received an application from PointsBet Holdings Ltd (PointsBet) re its affairs and President of AST Takeover Panel has made interim orders in response to an application for interim orders from PointsBet; PointsBet is facing competing bids. Namely, a…
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Hong Kong – SFC Updated Takeover Table
On 1 August 2025, the SFC updated its Takeover table to include the following: new offer period has commenced for Joy City Property Limited (stock code: 0207) from 31 July 2025.
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Sri Lanka – CSE Outlines CCP Framework for Equity Transactions, RE: Short Selling
On 27 July 2025, SRI CSE outlined CCP framework implementation for equity transactions re, short selling. CCP framework uses novation process where CSE Clear becomes buyer to every seller and seller to every buyer, eliminating counterparty risk and guaranteeing settlement completion even if one party defaults. CSE Clear employs margin methodology including base margin requirements…
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