On 24 December 2025, Thai SEC sought feedback on revising definition of major shareholders. Thai SEC said it is seeking public comments on the principles for revising the definition of major shareholders for securities businesses and digital asset businesses. Review is necessary because of increasing complexity of shareholding structures. Proposed Revisions Revisions include expanding the…
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Hong Kong – Issues Consultation on Shareholding Virtual Assets
On 24 December 2025, Hong Kong’s Financial Services and Treasury Bureau (FSTB) and Securities and Futures Commission (SFC) published the consultation conclusions on the proposal to regulate Virtual Asset (VA) dealing and custodian services. They also issued a further consultation on proposals to establish separate licensing regimes for VA advisory and management service providers. Background:…
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Switzerland – SECO Screen Foreign Investment
On 19 December 2025, SWI PRL announced it passed Lex China to control investments; screening law is intended to prevent takeovers that endanger public order or security. Background The Investment Screening Act requires pre-acquisition approval of a transaction if: a foreign state-controlled investor (includes legal entities directly/indirectly controlled by a foreign state body). Acquisitions by private…
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Sweden – FI Fines Asgard Asset Management for Late Short Selling Reporting
On 18 December 2025, SWE FI issued special fee for late reporting of short selling. SWE FI imposed special fee on the company for late reporting of net short selling. It must pay special fee of SEK 2,500,000 for failure to notify SWE FI within prescribed time period the company's net short positions in SWE…
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India – SEBI Confirms No Changes to Short Selling Framework
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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