On 17 January 2020, SIN MAS issued fine for failure to disclose shareholdings. Imposed $200,000 civil penalty on Mr Lim Soon Fang for not disclosing changes in, and providing false information re. shareholding in Asia-Pacific Strategic Investments. This is the first civil penalty action by MAS for breaches of shareholding disclosure requirements since the civil […]
On 10 January 2020, SWE FI announced new login, authorization process. Key Points Reporting itself not affected and should continue to be done in same way as before. Legal persons to specify their news distributor in new solution using specified process. If no social security number or bank ID, must register with e-mail address […]
On 16 January 2020, Rulefinder reported temporary short selling bans in two jurisdictions which are effective today. Find out if you have disclosures obligations and get more information here.
On 13 January 2020, US Treasury released two final regulations to implement changes FIRRMA made to CFIUS’s jurisdiction, processes; effective on 13 February 2020. Both regulations include interim rule on new definition for principal place of business. US Treasury seeks comments on interim rule; must be received by 18 February 2020.
On 13 January 2020, TAI FSC issued rules on information to be disclosed. Public companies are to report and upload to the Market Observation Post Station (MOPS) matters that should be announced or disclosed in accordance with law. Information to be Disclosed Equity information; treasury shares; financial information and internal control; solicitation, issuance and private […]
On 9 January 2020, SGX adopts risk-based approach to quarterly reporting. Apply quarterly reporting (QR) requirements only for companies associated with higher risks while strengthening continuous disclosure requirements on all listed companies. Set out expectations on companies’ handling of material information, and established whistleblowing office to address tipoffs, feedback, complaints and short-seller reports. Quarterly Reporting […]