On 18 November 2022, JPN METI launched a study group on fair acquisitions. JPN METI set up a study group on ideal approach to fair acquisitions / takeovers, held meeting. Aim to consider matters incl. conduct/stance of relevant parties in relation to takeover proposals and ideal takeover defense measures, to develop a fair M&A market.…
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Cyprus – CSE New Form for Substantial Shareholdings
The Cyprus Stock Exchange has issued a new form for substantial shareholding disclosure reporting.
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Philippines – EXC Listing, Disclosure, Takeovers
On 16 November 2022, PHI EXC consulted on listing, disclosure, trading rules. PHI EXC issued a consultation paper titled proposed amendments to the consolidated listing and disclosure rules and revised trading rules (2022 amendments - part II). Consultation paper proposes numerous changes to consolidated listing and disclosure rules (consolidated rules); also proposes an amendment to…
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U.K. – Gov’t Moves to Pass National Security Bill
On 16 November 2022, UK GVT stated that the National Security Bill has reached its final stage in House of Commons and is about to pass to House of Lords, as it moves towards becoming law.
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Rulefinder Alerts to Temporary Short Selling Bans
On 17 November 2022, Rulefinder alerted subscribers to temporary short selling bans in two countries. Short selling bans are effective on 18 November 2022.
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India – SEBI Share Acquisition, Takeovers
On 9 November 2022, IND SEBI amended regulation re public disinvestment. IND SEBI published the SEBI ((substantial shareholdings and takeovers) (amendment) regulations, 2022, effective upon publication in the official gazette. They amend SEBI (substantial shareholdings and takeovers) regulations, 2011. Follows IND SEBI December 2021 third amendments to takeover regulations. Amendments Inserted provisos that price determined…
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