On 6 October 2023, TAI FSC issued order on reporting change in shareholdings. TAI FSC, TAI Justice issued order to stipulate article 25 of Securities and exchange act. When a public company organized by a single legal person handles insider equity reporting and if there is no change in shareholding by appointed directors, supervisors, and […]
On 3 October 2023, UK FCA updated sterling rate in short selling guidance. FCA updated its short-selling guidance page to update sterling price for calculation. Follows FCA October 2021 updated sterling price in short selling guidance. Background UK Short Selling Regulation (UK SSR) gives FCA powers to prohibit or restrict short selling, limit transactions when […]
On 30 September 2023, AST GVT registered 30th compilation of the Foreign acquisitions and takeovers act 1975, setting out the text as amended and in force on 15 September 2023.
On 28 September 2023, BHR CB proposed amendments to takeovers and mergers. BHR CB consulted on amendments to takeovers, mergers and acquisitions module. Amendments to section TMA-2.2 Independent Advice and Shareholder Approval of the Takeover, mergers and acquisitions module (Module TMA) under CBB rulebook – vol. 6. Amendments Amendments to paras TMA-2.2.1, TMA-2.2.3; new TMA-2.3A […]
On 28 September 2023, AST ASIC released Report 773 – response to submissions on CP 365 remaking ASIC class orders on takeovers, compulsory acquisitions and relevant interests re consult above; relief embodied in the instruments is same in substance. It is on substantially same terms as sunsetting instruments, with certain exceptions. Exceptions include extending scope […]
On 8 August 2023, FIN GVT consulted on changes to Securities Markets Act. FIN GVT’s presentation to FIN PRL on proposals to amend the Securities Markets Act. Proposal Finnish Securities Market Association requested Ministry of Finance extend regulation on takeover bids in Chapter 11 of Securities Markets Act (SMA (FIN)) to MTFs. In addition there […]