On 6 May 2022, VIE SEC asked firms to comply with disclosure obligations. VIE SEC required public companies, securities companies, investment management companies to comply with the obligation to disclose information on the stock market. Disclosure Rules Including decree 155/2020/ND-CP on the implementation of the Law on securities. As well as circular 96/2020/TT-BTC on disclosure…
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Thailand – SEC Revised Takeover Rules
On 3 May 2022, Thai SEC revised its takeover rules to simplify the process and increase flexibility in delivering documents to shareholders electronically. The requirement for the offeror to submit a copy of the tender offer and related reports to the Stock Exchange of Thailand has been repealed. Cancellation of the advertisement of the tender…
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India – SEBI Foreign Portfolio Investors
On 29 April 2022, IND SEBI modified the operational guidelines for foreign portfolio investors, designated depository participants and eligible foreign investors. Operational guidelines amended to require designated depository participant to grant the certificate of registration, bearing registration number generated by SEBI. Paragraph pertaining to name change also amended reissue of registration certificate. Provisions of this…
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India – FIA Short Selling Gvt Securities
On 4 May 2022, IND FIA updated the eligible securities for the short selling of the Government of India liquid securities applicable for the month of May 2022.
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Thailand – SEC Merger, Takeovers, Acquisition Updates
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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