On 5 September 2024, 2024, TAI EXC amended Operating rules for securities business money lending by securities firms; provisions related to the lending for new share subscriptions by employees and original shareholders are amended. Also revised Operating rules for securities firms handling margin purchases and short selling of securities, the amendments aim to address issues…
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S Korea – FSC Meeting on Asset Management
On 5 September 2024, SK FSC held a meeting with asset management companies. SK FSC held a meeting with SK FIA and 10 asset management companies, to discuss asset management by life cycle, advanced capital market, sound market development. Overview of Meeting SK FSC requested for development of stable long-term investment pension products. Called upon…
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Ireland – DETE Delays FDI Screening Initiative
On 3 September 2024, Ireland’s Department of Enterprise, Trade and Employment (DETE) delayed its foreign direct investment screening initiative. new screening of FDI under the Third Country Transactions Act 2024 new date not yet set but expect latter part of Q4 2024 new date will be indicated on their webpage Inward investment screening - DETE.
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Canada – IIAC’s Letter to CIRO on Proposed Short Selling Rule
On 3 September 2024, CAN IIAC sent letter to CIRO on proposed short selling rule. CAN IIAC sent letter to CIRO in anticipation of CIRO's intention to revise Proposed Amendments Respecting the Reasonable Expectation to Settle a Short Sale. Letter Overview Carefully considered the information provided by CIRO and request that the proposed short selling…
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Hong Kong – SFC Takeover Table Updated
On 4 September 2024, the SFC updated the takeover table to recognize that the offer period for CMPC Holdings Limited (stock code: 906) closed on 3 September 2024.
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Hong Kong – SFC Publishes Substantial Shareholding Notification
On 2 September 2024, the SFC issued a substantial shareholding notification. Substantial shareholding reached reportable threshold in Sanergy Group Limited (Stock Code: 02459).
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