On 5 June 2023, SK FSC said a revision to the Enforcement decree of the financial investment services and capital markets act had been approved at a cabinet meeting. The revision aims to abolish foreign investors’ registration requirement, will be effective from 14 December 2023, 6 months after promulgation slated for 13 June 2023. Upon […]
On 1 June 2023, POL FSA announced final decision in case re infringements and fines. After assessing requests for re-examination confirmed infringements and seriousness. Revoked section of decision 22 December 2021 re fine of PLN 900,000, issued final decision. Imposed lower fine for breaches in this section, stating that company committed 4 breaches (instead of […]
On 5 June 2023, HK SFC concluded consultation on changes to position limit regime. The proposed changes include imposing obligations on asset managers of funds and amending the Securities and futures (contracts limits and reportable positions) rules. Plans for the law changes to be effective in Decemebr 2023, pending the legislative process.
Most regulatory activity for foreign direct investment in this first half of 2023 has been focused on issuing consultations for proposed changes to existing laws. Read the full article.
On 1 June 2023, CSA reported a deferred launch of new SEDAR+ filing system. CSAs now intend to launch SEDAR+ on 25 July 2023, with contingency date in September. Noted process of assuring quality migration of large volumes of data from multiple legacy systems in taking longer than planned; added additional six weeks to project. […]
On 31 May 2023, HK SFC conducted operation against illegal short selling. HK SFC conducted a joint search operation with the Commercial Crime Bureau of the Police, against an individual suspected of illegal short selling and fraudulent activities. Allegation Individual used fabricated statements to deceive 2 brokerage firms, was arrested of dealing with property known […]