On 15 October 2024, JPN JSDA revised Rules for cumulative stock investments. JPN JSDA announced revisions to the Rules for the handling of cumulative stock investments and mini stock investments and the Guidelines for shareholding systems. As per revised Cabinet office ordinance on the definitions under article 2 of financial instruments and exchange act, which…
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S Korea – FSC Short Selling System Improved
On 15 October 2024, SK GVT said the short selling system bill will be presented to the Cabinet meeting on 15 October 2024; once approved, it will be valid from 31 March 2025.
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India – SEBI on Monitoring Substantial Shareholding
On 14 October 2024, IND SEBI wrote re market infrastructure institutions. IND SEBI issued circular regarding monitoring shareholding of market infrastructure institutions (MIIs), includes stock exchanges, depositories, and clearing corporations. Follows IND SEBI October 2023 issued master circular for stock exchanges. Also follows IND SEBI October 2023 issued new master circular for depositories. Follows IND…
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S Korea – FSS Overseas Risks, Takeover Issues
On 8 October 2024, SK FSS discussed overseas risks and takeover competition. SK FSS held an executive meeting on overseas risk factors and overheated takeovers. Follows SK FSS August 2024 held executive meeting re voting rights. SK FSS issued alert on tender offers re listed firms on the same day. Meeting Highlights Regarding recent Middle…
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S Korea – G’vt Short Selling System Improvement Update
On 7 October 2024, SK GVT stated that the bill on the short selling system would be presented to the Cabinet meeting on 10 October and 15 October 2024, before promulgation.
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S Korea – FSS Takeover of Listed Companies
On 4 October 2024, SK FSS warned against takeover of listed companies. SK FSS held an internal meeting to discuss issues re takeover of listed companies. Overview of Meeting SK FSS Governor stressed the need to monitor excessive competition in the process of takeover of listed companies, which may cause market instability and distrust. Required…
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