On 15 March 2024, SK FSS held meeting with asset management companies. SK FSS held a meeting with executives from 10 major asset management companies and SK FIA, in order to discuss major issues re their exercise of voting rights. Follows SK FSS April 2023 set up a taskforce to revise voting guides. Meeting SK […]
On 13 March 2024, a group of former chief economists at the U.S. Securities and Exchange Commission are supporting a request that the Fifth Circuit intervene and “correct” a pair of recent agency rules intended to bring transparency to the short-selling market.
U.S. SEC Fines for Naked Short Selling
On 7 March 2024, BRZ Anbima commented on CVM public takeover proposal. BRZ Anbima reported on comments it made in response to BRZ CVM consultation. Follows December 2023 BRZ CVM proposal on public takeover offers (OPA) Recommended Modifications BRZ Anbima recommended inclusion of criteria to review the valuation report. Report defines the price that will […]
India SEBI Fines for Violation of Takeover Rule
On 11 March 2024, it was reported by the FT that due to changes made by SEBI in response to last year’s short selling activity in Adani that several hedge funds have scaled back their investment in the country. Background New rules require large foreign investors — including hedge funds — betting on Indian stocks […]