In The News

Poland – FSA Decison on PPK Takeover

On 17 June 2025, POL PPK advised that following POL FSA's decision on takeover of 13 June 2025, subfunds with a similar level of risk and investment horizon separated within Skarbiec PPK SFIO (acquiring fund) and PFR PPK SFIO (acquiring fund) had been merged. POL PKK said this will enable greater efficiency in managing PPK…
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Taiwan – EXC Warnings for Operational Risk Re: Short Selling

On 12 June 2025, TAI EXC amended rules governing early warnings. TAI EXC revised Rules governing early warnings for overall operational risk of securities firms, in order to refine early-warning indicators for securities firms. Revisions Definitions, terminology are updated for consistency and to reflect growing complexity. Unrestricted loans, all client financing are consolidated to assess…
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Taiwan – FSC Short Selling and Stock Lending

On 19 June 2025, TAI FSC stipulated exemptions for short selling prohibitions. TAI FSC, TAI Justice issued orders under article 32 of Regulations governing securities firms, article 10 of Regulations governing securities borrowing and lending (short selling) by securities firms, and article 38 of Regulations governing securities finance enterprises. Follows TAI FSC November 2023 issued…
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Brazil – CVM Postpones Changes to Takeover, Shareholding

On 18 June 2025, BRZ CVM published Resolution 230, to postpone effective date until 1 October 2025. Resolution 216 covers specific changes to harmonize rules with Resolution 215. Resolution 215 set new regulatory regime for the OPA, replacing Resolution 85. These Resolutions are a result of Public Hearing 05/23, re public share acquisition. The main…
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Indonesia – Electronic Submission of Substantial Shareholding Reports

On 5 June 2025, IDN FSA issued circular regarding the electronic submission of substantial shareholding reports and share pledging activity reports for public companies. Establishes electronic system requirements for submission, publication of substantial shareholding ownership reports as well as share pledging activity reports for public companies. The circular covers mandatory electronic reporting parties, reporting requirements…
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