On 11 December 2018, Thailand TSC revised fund rules for asset management. The shareholders' equity was set at low of Bt10mn for Trust Managers and Bt20mn for Asset Management, as well as additional capital to support business continuity.The Fund requires additional funds to cover losses incurred by erroneous operations.Rate varies depending on size and quantity…
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Rulefinder Reports Temporary Short Selling Ban
In need of short selling information or shareholding disclosure regulatory intelligence - check out Rulefinder by aosphere, LLP.
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Hong Kong – SFC Takeovers Table Updated
On 12 December 2018, the offer period for Dining Concepts Holdings Limited (StockCode: 8056) and Target Insurance (Holdings) Limited (Stock Code: 6161) were closed.
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Netherlands – EA Cooling-Off in Takeovers
On 7 December 2018, NLD EA issued bill on cooling-off in hostile takeovers. Bill to allow board of a Dutch listed company to invoke 250 day cooling off period.BackgroundFollows political debate over several hostile takeover attempts, e.g. Akzo-Nobel.Government response was published in letter dated May. 20, 2017, with 4 options.Shareholders may pressure management to change strategy,…
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