On 21 December 2022, SK FSC protected investor rights in M&A share transfers. SK FSC held seminar on measures to protect general investors in case of change in management rights by stock transfer; introduced mandatory tender offer system. This system obligates a company to acquire a certain percentage of stocks through a tender offer when […]
On 19 December 2022, IND SEBI issued the master circular for foreign portfolio investors, depository participants, foreign investors, to supersede the operational guidelines (OG) issued 5 November 2019 above/incorporate changes to those OGs into new master circular. Circulars notifying changes to the 2019 OGs which have now been incorporated into new master circular are listed […]
On 16 December 2022 SWE FI imposed a SEK400,000 penalty for late flagging. SWE FI decided Prior & Nilsson Fond- och Kapitalforvaltning Aktiebola (company) must pay SEK400,000 penalty fee for breach of the obligation to notify SWE FI in due time that its holding of shares and votes in Besqab AB (publ) exceeded a flagging […]
On 21 December 2022, Rulefinder identified temporary short selling bans in two countries. Temporary short selling bans are in effect for 22 December 2022.
On 15 December 2022, SK FTC penalized K Cube for violating voting rules. SK FTC issued a corrective order to K Cube Holdings, an affiliate of Kakao Co. Ltd, for violating restrictions on voting rights of financial companies and insurance companies. Violations Rules state that a company that belongs to a business group subject to […]
On 14 December 2022, UK Takeover Panel code committee published its response statement RS 2022/2 and individual responses received to PCP 2022/2, and instrument 2022/6. Amendments included, among other things, a new version of section 6 Offer by a consortium offeror; s. 7. Investors in limited partnerships and other investment funds. Section 8 Pension schemes, […]