On 6 August 2024, IND SEBI modified the Foreign Portfolio Investors FPI master circular for university funds. University fund or university-related endowments shall not be required to make the additional disclosure as specified, subject to fulfilling additional conditions. Additional conditions include that Indian equity AUM should be less than 25% of global AUM, and global…
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Hong Kong – SFC Substantial Shareholding Disclosed
On 2 August 2024, the SFC publicly disclosed a substantial shareholding change in Migao Group Holdings Limited (Stock Code: 09879).
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Bahrain – EXC Short Selling Guidelines
On 24 July 2024, BHR EXC issued Uncovered Technical short selling guidelines. Update to previous post: These guidelines supplement BHR EXC's Market Rules, but do not supersede the Market Rules and should be construed along with related provisions of Market Rules. Both Operational and Uncovered short selling guidelines are effective 25 July 2024.
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Egypt – FRA Listing on Stock Exchange
On 23 July 2024, EGY FRA issued Decision No. 148/2024 amending Decision 11/2014. Document dated 23 July 2024, received from EGY FRA 28 July, summarized on 30 July. Article 7 bis re Shareholding Restrictions for Special Purpose Acquisition Companies required that company's issued and paid-up capital must not be less than 10 mn EGP. Company…
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Algeria – COSOB Major Shareholding Guidelines
On 14 July 2024, ALG COSOB published guide re major shareholding. ALG COSOB published guidelines on prevention of major shareholding by criminals in companies whose securities are listed on an exchange or are the subject of an offer of securities to the public. Document dated 14 July 2024, received from ALG COSOB on 24 July…
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Bahrain – EXC Publishes Updated Short Selling Guidelines
On 24 July 2024, BHR EXC published technical short-selling guidelines. BHR EXC announced the launch of Technical (uncovered) short-selling guidelines. Aim to increase liquidity levels, diversify investment and hedging instruments in order to attract new investors, the new guidelines have been approved by BHR CB. Overview The guidelines supplement the existing BHR EXC Market Rules…
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