In The News

China – CBIRC Major Shareholder Behavior

On 17 June 2021, CHI CBIRC proposed measures for major shareholders. CHI CBIRC proposed trial measures to supervise the behavior of major shareholders of banking and insurance institutions, to improve corporate governance, prevent risks. Major shareholders are those that hold more than 15% of equity in specified banking and insurance institutions, hold the most shares,…
Read more

U.K. – BAILLI Beneficial Ownership Shares

On 14 June 2021, UK BAILLI issued judgment in Pleshakov v Sky Stream. UK BAILLI issued Privy Council judgment in Pleshakov v Sky Stream [2021] UKPC 15. Case concerned with questions of trust law regarding beneficial ownership of shares. Appeal from decision of Court of Appeal which allowed an appeal against the decision of Bannister…
Read more

Thailand – SEC Investment Trust Offering

On 11 June 2021, Thai SEC made amendments to rules on disclosures for REITs. ThorChor. 47/2564 on issuance and offering of trust units of REITs, to add REITs with redemption clause and REITs with conditions for termination of the lease agreement. Sor. 38/2564 on contents of the trust deed of REITs, re appraisal of assets…
Read more

Taiwan – FSC Securities Borrowing Rules

On 9 June 2021, TAI FSC adjusted standards on margin purchase and short selling. Follows TAI FSC market maker system soon to be launched end of June. Daily volume limit of 30% for intraday securities borrowing and selling does not apply for securities firms acting as stock market maker, providing quotations or for hedging. Clarified…
Read more