On 30 June 2025, the SFC issued its Takeover Bulletin issue No. 73 Highlights: Treatment of right-of-use assets for Rule 11.1(f) Reminder to liquidators on disclosure obligations Talks announcement in a competitive situation Quarterly update on activities of Takeovers Team
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U.S. – DoJ Bank Takeover and Identity Theft
On 17 June 2025, DoJ reported charges on identity theft and bank fraud. DoJ reported a 17-count indictment against Ahmad Nassar and Ayman Alaaraj. Brothers-in-law indicted for bank takeover scheme and aggravated identify theft. Allegations Defendants used SIM swapping to hijack elderly victims’ accounts and bypass security. Over $794,000 was stolen through unauthorized transfers and…
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U.S. – SIFMA Short Selling SHO Reporting
On 5 June 2025, SIFMA issued letter urging short selling reporting extension. SIFMA issued letter to the SEC to request an extension of the compliance date for certain obligations of broker-dealers reporting to the Consolidated audit trail (CAT). Follows February 2025 SEC temporary exemption from short selling report. Document dated 5 June 2025, received from…
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Poland – FSA Decison on PPK Takeover
On 17 June 2025, POL PPK advised that following POL FSA's decision on takeover of 13 June 2025, subfunds with a similar level of risk and investment horizon separated within Skarbiec PPK SFIO (acquiring fund) and PFR PPK SFIO (acquiring fund) had been merged. POL PKK said this will enable greater efficiency in managing PPK…
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Taiwan – EXC Warnings for Operational Risk Re: Short Selling
On 12 June 2025, TAI EXC amended rules governing early warnings. TAI EXC revised Rules governing early warnings for overall operational risk of securities firms, in order to refine early-warning indicators for securities firms. Revisions Definitions, terminology are updated for consistency and to reflect growing complexity. Unrestricted loans, all client financing are consolidated to assess…
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Taiwan – FSC Short Selling and Stock Lending
On 19 June 2025, TAI FSC stipulated exemptions for short selling prohibitions. TAI FSC, TAI Justice issued orders under article 32 of Regulations governing securities firms, article 10 of Regulations governing securities borrowing and lending (short selling) by securities firms, and article 38 of Regulations governing securities finance enterprises. Follows TAI FSC November 2023 issued…
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