On 12 November 2024, the SFC updated its Takeover table to reflect the following: takeover offer period closed for Shi Shi Services Limited (Stock Code: 8181) on 11 November 2024. Visit SFC Takeover Table
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Germany – BaFin Short Selling Notifications
On 7 November 2024, GE BaFin published updated version of FAQs relating to notification and publication requirements on short selling, as well as credit default swaps aspects. The FAQs have been provided on both German and English versions, with the updated elements and additional questions clearly being marked as updated on 1 November 2024. The…
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U.K. – Takeover Panel: Takeover Code Scope
On 6 November 2024, UK Takeover Panel following consultation issued response statement RS 2024/1, the individual responses received from the respondents to PCP 2024/1 and Instrument 2024/3, which makes the amendments to the Takeover Code set out in RS 2024/1. Amendments to the Takeover Code made by Instrument 2024/3 will take effect 3 February 2025.…
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Thailand – SEC Proposes Takeover Rule Enhancements
On 1 November 2024, Thai SEC proposed improvements to takeover regulations. Thai SEC proposed update on takeover regulations to clarify, to align with international standards, reduce private sector burdens while maintaining regulatory oversight. Proposal Revises the responsibilities for takeover offers when acquiring shares directly or through legal entities, ensuring consistency in compliance and reporting duties.…
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S Korea – Short Selling Threshold Effective 1 December
On 6 November 2024, the FSC announced the revised lower initial disclosure threshold for net short selling will be effective from 1 December 2024. Confirmed net short selling disclosures should be made on the second business day from the first business day after the effective date, which is the 4 December 2024 Revised initial disclosure…
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Netherlands – AFM Fines for Shareholding Disclosure Violation
On 6 November 2024, the Netherlands Authority for the Financial Markets (AFM) imposed a fine on Nyenburgh Holding B.V. (Nyenburgh) for not reporting shareholding transactions to the AFM in a timely or incorrect manner. Three different shareholding transactions in the period from 31 May 2018 to 5 March 2021 Imposed fine of of €240,000, which…
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