In The News

Kuwait – CMA Fines for Disclosure Failures

On 12 February 2024, KUW CMA issued disclosure, transparency breach fine. KUW CMA announced issue of disciplinary resolution No. 59 of 2023 against Nakheel Agricultural Production Company for violating the rules of disclosure and transparency. Violations Violated the provisions of Book 10 re disclosure and transparency rules, article 4-1-1, clause 14 of the Executive Regulations…
Read more

Kuwait – CMA Jiyad Holding Company Disclosure Fine

On 12 February 2024, KUW CMA fined firm for disclosure, and transparency violations. KUW CMA issued disciplinary resolution No. 65/2023 against Jiyad Holding Company. Violated disclosure and transparency rules of Law No. 7 of 2010 and its amendments. Follows disciplinary resolution No. 24/2023 against Jihad Holding Company. Violations Violated provisions of article 139 and provisions…
Read more

India – SEBI Consultation on Foreign Portfolio Investors Disclosures

On 7 February 2024, IND SEBI proposed relaxation on timelines for disclosure. IND SEBI released Consultation paper on relaxation in timelines for disclosure of material changes by foreign portfolio investors, re two categories of material changes. Follows IND SEBI August 2023 circular on additional disclosures by FPIs. Categorization of Material Changes IND SEBI proposed to…
Read more

Denmark – FSA Takeover Bids Notice

On 8 January 2024, DEN FSA published consultation on takeover bids notice. DEN FSA submitted a draft executive order on takeover bids for consultation. Document dated 8 January 2024, received from on 6 February 2024 due to a fixed feed. Amendments Order continues rules from executive order 636 on takeover offers, which are repealed. Changes…
Read more

Switzerland- SER Implements New Portal for Substantial Shareholding Reporting

On 7 February 2024, SIX Exchange Regulation (SER) announced that from 4 March 2024, there will be a new online platform for investors (and issuers) to submit their substantial shareholding disclosure notifications under FinMIA. Submissions of substantial shareholding disclosure notifications to the Disclosure Office of SER and to the issuer SER will provide a manual…
Read more

S Korea – FSS Targets Illegal Short Selling Among Its Key Tasks for 2024

On 5 February 2024, SK FSS issued 4 strategies and 12 key tasks for 2024. SK FSS issued 4 strategies, 12 key tasks for 2024, to achieve firm financial stability (control illegal short selling), supportive finance for the public, strong financial trust, and dynamic future growth. Key Tasks For firm financial stability, strengthen risk management…
Read more