In The News

Malta – FSA ESAP and Takeover Bids Rules

On 5 September 2025, MLT FSA issued circular on chapters 5 and 11 of CMRs. MLT FSA Circular on chapters 5 and 11 of Capital Markets Rules re partial transposition requirements of European Single Access Point package, takeover bid definition change. Follows ESAs January 2024 proposals for use of EU Single Access Point. Overview Circular…
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U.S. – SEC Chairman Atkins Issue Statement on 13f-2 Short Selling Rule

On 5 September 2025, the SEC Chairman, Paul Atkins issued a statement in response to the Fifth Circuit Court's decision issued in August on the 13f-2 short selling and securities lending rules. Background The Court did not vacate the rules; The Court held that the SEC had not properly considered their cumulative economic impact; and…
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Pakistan – SEC Shareholding Change Reporting

On 20 August 2025, PAK SEC issued proposal re substantial shareholding reporting. PAK SEC proposed amendments to Companies regulations 2024 re shareholding change reporting requirements. Follows PAK SEC March 2024 issued circular re filing return with the registrar. Overview of Draft Amendments Non-listed companies must report substantial shareholding, membership, or voting rights changes exceeding 25%…
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