On 21 October 2022, UK CMA consented to derogation from 21 December 2021, initial enforcement order on takeover by NEC Software Solutions UK Limited of SSS Public Safety Limited and Secure Solutions USA LLC (previously part of Capita plc).
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Taiwan – FSC Limits Daily Short Selling
On 21 October 2022, TAI FSC introduced measures to protect the rights of investors and avoid the accelerated decline of individual stock prices due to short selling transactions. For listed/OTC stocks and Taiwan depository receipts through the securities lending system, if the closing price on that day falls by more than 3.5%, SBL prices for…
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S Korea – KRX Short Selling Rules Revision
On 20 October 2022, KRX started enforcement of strengthened designation policy for overheated short-selling issues in its markets (KOSPI, KOSDAQ, KONEX) on 24 October 2022. In September and October, KRX developed an electronic system and carried out mock trading. Expects that number of designations' of overheated short selling issues and number of days on which…
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U.S. – Treasury Issues Foreign Investment Penalty Guidelines
On 20 October 2022, US Treasury released enforcement and penalty guidelines. US Treasury released the first-ever Committee on foreign investment in the US (CFIUS) enforcement and penalty guidelines, in its role as chair of the CFIUS. Provide public information on how CFIUS assesses violations of laws and regulations. Laws, regulations that govern transaction parties, including…
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Rulefinder Alerts for Temporary Short Selling Bans
On 24 October 2022, Rulefinder identified temporary short selling bans in two countries. Effective: Short Selling bans effective 25 October 2022.
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U.K. – GVT National Security Bill Guide
On 18 October 2022, UK GVT updated the overarching documents relating to the National Security Bill 2022, adding impact assessment for foreign influence registration scheme. Among other things, document set out proposed law's strategic objective, overview. Rationale for intervention; risks; costs, benefits to business calculations; wider impact. Overall aim of the foreign influence registration scheme…
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