In The News
On 26 August 2024, KUW CMA amended Kuwait clearing company regulations. KUW CMA issued resolution to amend the regulations of Kuwait Clearing Company regulating the lending and borrowing of securities to develop the capital markets. Overview Marks launching new type of investment instrument, in addition to central lending and borrowing service currently provided via lending…
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On 23 August 2024, SK FIA proposed revisions re securities lending terms. SK FIA proposed to revise Best practices for financial investment companies' securities lending and short selling processing, to unify transaction terms of lending services. Proposed Revisions Set the repayment period of listed securities lending transactions for short selling purposes mediated by financial investment…
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On 23 August 2024, the SFC issued a substantial shareholding notification. Substantial shareholding reached reportable threshold in GoFintech Innovation Limited (stock code: 00290)
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On 16 August 2024, VIE CB proposed regulations re shareholding limits. VIE CB proposed regulations for commercial banks whose shareholders and related parties shares exceed the limits prescribed by the Law on credit institutions 2024. Follows VIE PRL February 2024 approved the draft law on credit institutions. Proposal Due to the Law on credit institutions…
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On 20 August 2024, GE BaFin issued €1,600,000 fine to NBSH Acquisition for substantial shareholding reporting failure. GE BaFin imposed fines totaling €1,600,000 on NBSH Acquisition LLC on 27 May 2024. The company violated obligations of section 33(1) of the German Securities trading act (WpHG) by not submitting substantial shareholding notifications within the prescribed period.…
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On 20 August 2024, SK FSS announced the implementation of the finalized short selling guidelines. All corporations wishing to engage in short selling transactions must establish internal control and an intra-organizational balance management system by Q4 2024.
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