On 4 March 2025, Nextrade, a new Alternative Trading System (ATS) commenced operations. shares acquired on the new ATS are also excluded from the tender offer / mandatory takeover rule this follows the amendment to the Capital Market and Financial Investment Business Act FSC press release can be found here (Korean).
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Hong Kong – SFC Updated Takeovers Table
On 3 March 2025, the SFC updated the Takeover Table offer period has commenced for OneConnect Financial Technology Co., Ltd. (stock code: 6638) from 3 March 2025 name of an offeror has been added to Anacle Systems Limited (stock code: 8353)
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Poland – Gov’t Non-Public Company Shares Re: Shareholding
On 25 February 2025, POL GVT issued a draft of commercial company code changes. POL GVT published a Draft act amending the Commercial Companies Code and certain other acts, coordinated by the Minister of Justice, on changes to shareholding rules. Follows POL GVT September 2019 amended the code on shareholder registers. Draft Overview The Act…
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U.S. – SEC Filings Through EDGAR Next
The SEC’s transaction to EDGAR Next begins on 24 March, 2025. The EDGAR system is the platform via which all SEC filings are required to be made. EDGAR filers should prepare to comply with the improvements to filer access and account management. The new EDGAR Filer Management Dashboard will go live on 24 March 2025.…
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Saudi Arabia – MCI Actual Beneficiary Rules
On 24 February 2025, SAU MCI approved Actual Beneficiary rules by Ministerial Decision. Raise corporate transparency, build database to record, store beneficial owner data. Real beneficiary is natural person owning at least 25% of company’s capital, directly or indirectly, control at least 25% of total voting rights in company, directly or indirectly. Strengthened confidentiality of…
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Taiwan – FSC Investment-Linked Products Re: Short Selling
On 18 February 2025, TAI FSC amended directions re investment-type insurance. TAI FSC, TAI Justice amended para. 9 of Directions for disclosure requirements of investment-linked insurance, and para. 8 of Directions for the separate account custodian institutions and investment instruments of the investment-linked insurance. Disclosure Requirements Highlights Specifies the content of disclosure of investment risk…
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