On 31 May 2022, SK FSS held executives meeting on preventing illegal short selling. Will establish a short selling investigation team in June to strengthen investigations on short sale violations, instructed to take strict measures against illegal short selling. Conduct investigation into areas with high probability of violations of short selling.
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U.K. – Takeover Panel Makes Amendments to Takeover Code
On 5 May 2022, UK TO Panel issued various amendments to takeover code. UK TO Panel published amendments to the takeover code publication of RS 2021/1, on Miscellaneous Code amendments, RS 2022/1 on Removal of restriction on anonymous order book dealings, as well as Instrument 2022/3, that dealt with Document Charges. Various documents dated 5…
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U.K. – Takeover Panel Issues Consultation Paper
On 26 May 2022, The Takeover Panel released PCP 2022/2 for public comment. The consultation paper sets out a number of proposed amendments to the presumptions of the definition of "acting in concert" in the Takeover Code. Comment period is open through 23 September 2022.
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Rulefinder Alerts to Temporary Short Selling Bans
On 31 May 2022, aosphere LLP's Rulefinder shareholding disclosure intelligent solution alerted to multiple temporary short selling bans in Turkey and S Korea.
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China – CB Opens Bond Market to Foreign Investment
On 27 May 2022, CHI CB opened bond market to foreign investment. CHI CB, CHI CSRC and CHI SAFE issued a joint notice on further facilitating foreign institutional investors to invest in China's bond market, to open up the bond market. Follows September 2020, CHI CB, CHI SAFE proposed rules re foreign investors. Foreign Investment…
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S Korea – Change in Filing Deadline for Shareholding in Banks
Effective 9 May 2022, the FSC loosened the reporting deadline from 5 days to 10 days for the shareholding 4% threshold in commercial banks. See the FSC press release (in Korean only) for details of the change.
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