On 24 April 2026, GE BaFin ordered UniCredit to cease its takeover adverts. GE BaFin had ordered UniCredit SpA to refrain from its inappropriate advertising in connection with the takeover process of Commerzbank AG, containing sensationalist and inaccurate statements about the current financial situation of Commerzbank AG. Order Summary With the order, GE BaFin exercised […]
On 24 April 2026, UK FCA issued Handbook Notice 140 which also contains the Short Selling Rules Sourcebook Instrument 2026 (FCA 2026/16), first issued 16 April 2026. Background: From 13 July 2026, existing exemptions for market making in UK sovereign debt will no longer apply, but FCA’s emergency powers will continue to cover these instruments. […]
On 21 April 2026, PAK SEC directed firms re ultimate beneficial ownership information. PAK SEC directed companies to ensure the timely submission of Ultimate Beneficial Ownership (UBO) information through Form-19 on its eZfile portal. Disclosure of UBO information ensures corporate transparency, prevents misuse of corporate structures, and combats money laundering and illicit financial flows. Follows […]
On 24 April 2026, TAI FSC issued order re electronic disclosure via MOPS. TAI FSC, TAI Justice issued order to stipulate that public companies in compliance with the requirements of laws and regulations regarding matters to be publicly announced or reported shall post information on Market Observation Post System (MOPS). Follows TAI FSC March 2024 […]
On 23 April 2026, PAK SEC proposed to relax rules on shareholding limits. PAK SEC drafted notifications regarding amendments to the Central Depository (Licensing & Operations) Regulations, 2016 and revisions to the Clearing Houses (Licensing and Operations) Regulations, 2016. Amendments PAK SEC proposes to amend sub-regulation 3 of regulation 8 within both Regulations on limitations […]
On 17 April, the FSA in Japan released updated Substantial Shareholding Forms 1 & 3. forms are now available in EDINET; the new forms take into account the pending reforms which are effective from 1 May 2026. This link notes the update to the EDINET system.