On 10 April 2024, TAI FSC issued rules on stipulating forms for acquirers. TAI FSC, TAI Justice commissioned TAI EXC to handle the report and public announcement made by acquirers of substantial shareholdings of listed company or a company whose shares are neither listed nor traded at the business places of securities firms. Also commissioned […]
On 10 April 2024, NLD DNB said UCITS managers must notify of shareholding. NLD DNB explained that investment firms and managers of UCITS have the obligation to annually notify NLD DNB of the holders of a qualifying shareholding and must also notify DNB when a holder of a qualifying shareholding increases or decreases the interest. […]
On 10 April 2024, Blackwells Capital told shareholders of Braemar Hotels & Resorts Inc. that it intends to takeover the real estate investment trust. Blackwells’ told investors it’s takeover is necessary to stop the manager from “milking” the company for all it’s worth.
On 4 April 2024, ROM ASF issued draft rules to amend the AIFs Regulation. ROM ASF issued draft to amend and supplement regulation 7/2020 regarding the authorization and operation of alternative investment funds (AIFs). Follows ROM ASF February 2021 amended rules on authorizing/operating AIFs. Overview Proposals to amend and supplement Regulation 7/2020 on authorization and […]
On 28 March 2024, SWE FI said it is investigating firm re naked short selling. SWE FI is investigating whether Market Wizards BV violated article 12 of Short Selling Regulation (EU) (SSR Reg 236/2012) by short selling shares without coverage. Overview As part of SWE FI’s supervision, the regulator carries out investigations to assess whether […]
On 30 March 2024, Thai SEC announced revised criteria for non-voting depository receipts (NVDR) services, to support foreign investors in Thai stock market, and prevent Thai investors from using NVDR. Key revisions include prohibiting securities companies from increasing Thai investors’ NVDR shareholdings, except through/via pre-enforced rights or legal transfers. Foreign securities companies are required to […]