On 21 December 2025, the Indian markets regulator, SEBI clarified that there is no change in the existing regulatory framework for short selling. Background: clarification comes after a media reported about changes in the short selling framework that would become applicable from December 22, 2025 in November, SEBI Chairman Tuhin Kanta Pandey stated that the…
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Hong Kong – Substantial Shareholding Announcement
On 22 December 2025, the SFC issued substantial shareholding announcement: Substantial Shareholding in GR Life Style Company Limited (Stock Code: 00108)
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U.K. – Takeover Panel Minor Changes to Code
On 15 December 2025, UK TO Panel issued instrument and minor amendments. UK TO Panel issued minor amendments to Takeover Code, with instrument 2025/2. Changes do not materially alter effect of provisions so no consultation was needed. Amendments Rule 2.9 of the Code requires the offeree company, an offeror, and any publicly identified potential offeror…
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Hong Kong – SFC Updates Takeover Table
On 17 December 2025, the SFC updated the Takeover Table with the following: offer period for Twintek Investment Holdings Limited (Stock Code: 06182) closed on 16 December 2025; and new offer period has commenced for Centenary United Holdings Limited (stock code: 01959) from 16 December 2025.
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U.S. – SEC Exempting Compliance with Short Selling Rule 13f-2
On 8 December, 2025, SEC published temporary order exempting compliance with short selling reporting under Rule 13f-2 and Form SHO, Rule 10c-1a, in the federal register. Background: On 3 December, SEC extended temporary short selling report exemption. SEC issued temporary order exempting compliance with short selling reporting under Rule 13f-2 (17 CFR 240.13f-2) and Form…
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India – SEBI Share Acquisition, Takeovers
On 5 December 2025, IND SEBI published Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Amendment) Regulations, 2025. The amendment regulations 2025 dated 3 December, 2025, amend regulation 2, 8 and 9 of the SEBI (substantial acquisition of shares and takeovers) regulations, 2011. Provides that valuer shall have the same meaning…
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