On 30 October 2024, NORFSA issued Sparebank 1 Markets supervisory report. NORFSA published report for Sparebank 1 Markets AS detailing inside information risk. Investigation Overview NORFSA investigated Sparebank 1 Markets AS placement of a shareholding in Crayon Group Holding ASA on 25 January 2024, concluding it communicated inside information to some investors without complying with…
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S Korea – Indicts 2 for Naked Short Selling Violations
On 25 October 2024, the South Korean regulator, FSS fined BNP Paribas and Australian hedge fund Regal Funds Management for violating the country's short selling rules.
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Brazil – CVM Public Acquisition / Takeover Offers
On 29 October 2024, BRZ CVM published Resolution 216 and Resolution 215 re the issuance of public share acquisition / takeover offers and the introduction of simpler procedures. Resolution 216 covers specific changes to harmonize rules with Resolution 215. Resolution 215 set new regulatory regime for the OPA, replacing Resolution 85. These Resolutions are a…
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India- SEBI Research Analyst Reporting Re:Shareholding
On 25 October 2024, IND SEBI issued a circular on the periodic reporting format for research analysts and proxy advisers as per the Research analysts regulations, 2014. Recognized BSE Limited as Research analyst administration and supervisory body. RAs and PAs must submit comprehensive reports covering organizational structure and compliance framework and the details of all…
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E.U. – AFME Issues MiFID II Reform Implementation Guide
On 24 October 2024, AFME issued guide for wholesale secondary market firms. AFME and Linklaters issued the MiFIR/MiFID II reforms in the EU and the UK: Implementation Guide for firms operating in wholesale secondary markets. Follows ESMA July 2024, consult, firms MiFID II order execution policies. Follows UK FCA July 2024, proposals to build up…
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Hong Kong – SFC Takeover Table Updated
On 28 October, the SFC updated its Takeover table to reflect the following: offer period commenced for Jiayuan Services Holdings Limited (stock code: 1153) effective 27 October offer period closed for China Evergrande New Energy Vehicle Group Limited (stock code: 0708) effective 25 October Visit SFC Takeover Table
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