On 1 December 2022, SK FSC strengthened the prevention of unfair transactions. SK FSC issued plans to disclose identity of entities committing unfair trading practices. For those who violate capital market regulations such as restoration of short selling and prohibition of market disturbances, fines and penalties will be imposed. Disclosure Initiative If an investigation led […]
On 6 January 2023, Serbia will align its substantial shareholding disclosure rules with the Amended Transparency Directive (TDA). Key Points: No changes to existing thresholds Deadline for filing substantial shareholding disclosures remains unchanged Effective: 6 January 2023.
On 1 December 2022, ISR TASE published approval by the authorities to amend TASE rules. Key Changes Delete the definitions lender member and borrowing member, correct the definitions sale missing, lender and borrower, and add a definition to missing balance. Amend definition of short selling so a customer who borrowed a security from a member […]
On 2 December 2022, BEL FEB updated on the agreement reached by the consultation committee on 30 November 2022, re the screening mechanism for foreign investment. Greenfield investments were excluded from scope, nanotechnologies were added to it, corrective measures aren’t listed exhaustively but must meet a proportionality test. A more in-depth investigation can only be […]
On 30 November 2022 AST ASIC proposed class orders remake i.e. re takeovers. AST ASIC released Consultation paper 365 remaking ASIC class orders on takeovers, compulsory acquisitions and relevant interests; seeks feedback regarding the same. 9 class orders will expire (sunset) if not remade; does not propose significant changes. AST ASIC said that it proposes […]
On 29 November 2022, SK FSS issued final rules approved on 28 November, effective 30 November 2022. Background: On 4 November 2022, SK FSS proposed rules on registration, short selling reports. SK FSS proposed Detailed regulations of the regulations on financial investment business, to ease burden on foreign investment business submitting documents. Revise registration form; […]