On 9 May 2023, UK FB issued response to UK Treasury short selling plans. UK FB issued response to UK Treasury's paper seeking evidence on short selling regime. Follows UK Treasury December 2022 call for evidence on short selling rules. UK FB Response UK FB considers call for evidence represented opportunity for short selling to…
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Rulefinder Alerts to New Temporary Short Selling Ban
On 9 May 2023, Rulefinder alerted subscribers to new temporary short selling ban in S Korea. Short selling ban will be effective 10 May 2023.
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Taiwan – FSC Shareholding Notification 5%
On 4 May 2023, TAI PRL reported Securities and exchange act passing 3rd reading. After the revision, no matter whether it is alone or in name of others/spouse/children with total substantial shareholding more than 5% shares of listed company, it must be disclosed. Further disclosure is required for every 1% increase in shares of the…
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France – CMP Takeover of Smartbox Group
On 2 May 2023, FR CMP announced in-depth investigation of acquisition. FR CMP announced an in-depth investigation re takeover of Smartbox by Wonderbox. Acquisition's Parties Wonderbox group notified its plan to acquire the Smartbox group on Mar. 24, 2023. The buyer, the simplified joint-stock company Wonderbox, is controlled exclusively by the company W Group and…
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United States: For the SEC, It’s Groundhog’s Day
Flashback: April 2022, the SEC had just closed their comment period for SEC file S7-06-22, release numbers 33-11030; 34-94211 titled the Modernization of Beneficial Ownership... Read the full article.
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S Korea – FSS Action Against Short Selling
On 2 May 2023, SK FSS issued a plan to eradicate illegal short selling. SK FSS said it will dispel investors' distrust in short selling by expanding investigations on unfair short selling transactions, active inspection of malicious naked short selling. Follows SK FSC December 2020 updated passage of bill re illegal short selling. Measures Will…
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