On 4 July 2025, JPN FSA issued 350 public comments received and its responses wrt its major shareholding and takeover regimes. The FSA has published notice of the amendments to the major shareholdings and takeovers rules following a period of consultation. Re the tender offer (takeover) system, JPN FSA made further revisions to exclude share…
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U.K. – Takeover Panel Issues Consultation o Share Structures
On 3 July 2025, UK Takeover Panel consulted on share structures, IPOs, buybacks. UK Takeover Panel published public consultation paper (PCP 2025/9) on dual class share structures, initial public offerings (IPOs) and share buybacks. These proposed changes follow the FCA's changes to the Listing Rules in 2024. Summary of Proposed Changes on DCSS Takeover Code…
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Germany – BaFin Updates FAQs on Short Selling
On 3 July 2025, GE BaFin updated its informative file on the short selling framework. Details on the prohibition of naked short selling, transparency obligations for net short positions; e-notification procedure; exceptions for market makers, primary dealers.
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Turkey – CMB Bulletin on Continuation of Short Selling Ban
On 27 June 2025, TUR CMB issued bulletin 2025/36 setting out board decision on continuation of short selling ban until the end of the session on 29 August 2025.
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U.K. – LSEG Navigating shareholding disclosure
On 1 July 2025, LSEG stated the substantial shareholding disclosure rules are currently changing fast. LSEG article on Navigating shareholding disclosure: Your guide to regulatory reporting. Article Highlights Substantial Shareholding disclosure rules are fundamental for market transparency and enforced across all global jurisdictions and regulators require investors to report to their relevant regulators whenever their…
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Hong Kong – SFC Updates Takeover Table
On 3 July 2025, the SFC updated its Takeover table to include the following: offer period for Yunhong Guixin Group Holdings Limited (Stock Code:8349) closed on 2 July 2025.
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