On 1 July 2025, GRE EXC board of directors confirmed it has entered into discussions with Euronext as part of its assessment of unsolicited all share takeover proposal. The Board continues to evaluate the takeover proposal in full compliance with its fiduciary responsibilities to all shareholders and other stakeholders; advised by Morgan Stanley and expert…
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Austria – FMA Late Notification of Substantial Shareholding
On 17 July 2025, AUT FMA issued penalties to Kapitalanlagegesellschaft Mbh. AUT FMA imposed penalty LLB Invest Kapitalanlagegesellschaft m.b.H (LLB Invest KAG) for violations of the Austrian Stock Exchange Act 2018 (BorseG 2018). Reporting Failures Late notification of exceeding substantial hareholding thresholds, as required under Section 130 of the Austrian Stock Exchange Act 2018. LLB…
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Sri Lanka – CSE Equity Central Counterparty Framework Re: Short Selling
On 17 June 2025, SRI CSE launched equity central counterparty framework. SRI CSE launched CSE Clear (Pvt) Limited (CCP) as fully-owned subsidiary to operate as central counterparty for equity transactions, licensed as clearing house by SRI SEC. Follows SRI CSE April 2025 revised the CDS — Central depository rules. Outline of New Framework New CCP…
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U.K. – Foreign Shareholding in Newspapers
On 16 July 2025, UK DCMS opened consultation on draft regulations. UK DCMS issued consultation on further changes to the Enterprise Act 2002 (as it will be amended by second set of draft regulations) to clarify scope of exceptions to foreign state intervention regime, and to ensure overall regime works more effectively. Follows May 2025,…
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Vietnam – SEC Proposed Rules on Securities Trading Re: Short Selling
On 15 July 2025, VIE SEC proposed rules on securities trading, re VAT. VIE GVT, VIE SEC proposed circular detailing securities trading and securities transfer services under decree no. 181/2025/ND-CP re Law on value added tax (VAT). Follows VIE GVT July 2025 issued decree 181/2025/ND-CP on VAT. Highlight of Proposal The circular provides regulations on…
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U.S. – FIF Comment on Short Selling Report Rule 13f-2
On 7 July 2025, FIF submitted another letter (in addition to prior nine letters) to the SEC relating to the implementation of Short Selling Rule 13f-2 and associated Form SHO. Reminded SEC time is short to revise and clearly define the short selling reporting requirements for Form SHO, if the Commission plans to maintain the…
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