On 27 June 2024, BEL CB issued circular on reporting acquisitions, disposals. BEL CB issued circular NBB_2024_09 to financial institutions on acquisitions, increases, reductions and transfers of qualifying holdings, and the relevant reporting templates. Purpose Update of circular NBB_2017_23 on the occasional and periodic reporting obligations of financial institutions to the supervisory authority in relation…
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Malaysia – Extended Period for Compliance with Beneficial Register
The Companies Commission of Malaysia has extended the grace period for companies to comply with the lodgement of beneficial ownership information through the Electronic Beneficial Ownership System by three months, now ending on 30 September 2024. The notification from the Companies Commission of Malaysia can be found here.
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Reminder: Thailand Amended Short Selling Regulations Effective 1 July
On 24 June 2024, the Stock Exchange of Thailand (SET) announced short selling and program trading regulations commencing on 01 July 2024. These amended regulations include: Qualifications of securities eligible for short selling: the minimum 3-month average market capitalization requirement for the non-SET100 securities will be raised to THB 7.50 billion. Additionally, 12-month average monthly…
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S Korea – FSC, FSS Unfair Trade Response
On 24June 2024, SK FSC, SK FSS held unfair trade investigation meeting. Follows SK FSC June 2024 approved its organizational restructuring. Key Points Discussed measures to strengthen inter-institutional cooperation according to the increase in SK FSC's investigation personnel, diversify disciplinary means for unfair trades and strengthen punishment, as well as improve investigation efficiency. SK FSC…
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S Korea – FSC, FSS Foreign Investor Accounts
On 21 June 2024, SK FSC, FSS issued status of foreign investors' accounts. SK FSC, SK FSS, KRX published the results of inspection on investment accounts opened by foreign investors since the abolition of investment registration certificates. Follows SK FSC, FSS December 2023 issued measures for foreign investors. Inspection Results Since 14 December 2023, foreign…
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South Korea – FSC Disclosure on Net Positions
On 21 June 2024, SK FSC proposed revisions re disclosure on net positions. SK FSC proposed revisions to Enforcement decree of the financial investment services and capital markets act, to strengthen the criteria for disclosure on net positions. To oblige disclosure on net positions, where the net position ratio is more than 0.01% (excluding less…
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