On 1 May 2022, Thailand SEC's notification of tender offer becomes effective. Background: On 30 March 2022, Thai SEC issued criteria for requesting a waiver from a tender offer; and a transaction form and timeline for preparing an opinion on the tender offer. Point to make a tender offer for securities means the holding of…
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Foreign Direct Investment Around the Globe
We finally got the Australian Government’s response to its Treasury’s evaluation of the 2021 foreign investment reforms and on 1 April the first part of these full article
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Rulefinder Identifies Short Selling Ban
On 4 May 2022, aosphere's Rulefinder alerted subscribers to a temporary short selling ban in Korean issuers effective 6 May 2022.
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Norway – Europalov Short Selling Regulation
On 29 April 2022, Europalov announced EEA Committee decision 146 of 29 April 2022 amending Annex IX (Financial services - short selling notification threshold) to EEA Agreement to include this regulation. Background: Commission Delegated Regulation (EU) 2022/27 of 27 September 2021 amending Regulation (EU) No 236/2012 of the European Parliament and of the Council as…
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Russia – CB Accelerated Share Sale Limit
On 27 April 2022, RUS CB limited foreign depository receipt share sales. RUS CB confirmed, that to maintain financial stability, it ordered professional depository participants to use separate accounting for shares from foreign depository receipts. Follows RUS CB April 2022 explanation ban on foreign depository receipts. Instructions The rules require shares of Russian issuers received…
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U.K. – FCA Net Short Position Reporting
On 26 April 2022, UK FCA issued quarterly update of UK sovereign debt thresholds.
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