On 1 November 2022, NLD GVT said administrators of trusts, mutual funds, similar structures must register ultimate beneficial owners (UBOs) in register as of 1 November. UBO register for trusts and similar legal structures provides more transparency. Only the trustee of a trust, or person with comparable position in a similar legal construction as a […]
On 3 November 2022, Rulefinder alerted to temporary short selling bans in two countries. In Turkey, there were new and extended short selling bans. In Korea, there were new temporary short selling bans for one-day of trading. Effective: Temporary short selling bans are effective 3 and 4 November 2022 respectively.
On 28 October 2022, NOR GVT launched foreign investment security review. NOR GVT appointed a committee to investigate whether there is a need for increased control of foreign investments and other economic activity to protect national security. Screening mechanism has been in development since Security Act was force in 2019. This mandates notification of changes […]
On 31 October 2022, UK GVT decided no action on the takeover / acquisition by Vesa Equity. UK GVT decided to take no further action under its national security powers on the proposed increase in shareholdings by Vesa Equity Investment in Royal Mail. Proposed acquisition of increased shareholdings in Royal Mail had been called for […]
On 27 October 2022, FINRA provided FAQs about short selling reporting. FINRA issued FAQs on short selling reporting requirements under FINRA Rule 4560. FAQs pertains to the reporting to FINRA of short positions in OTC Equity securities, as defined in FINRA Rule 6420, and securities listed on a national securities exchange. Short Interest Reporting Specified […]
On 21 October 2022, UK CMA consented to derogation from 21 December 2021, initial enforcement order on takeover by NEC Software Solutions UK Limited of SSS Public Safety Limited and Secure Solutions USA LLC (previously part of Capita plc).