On 12 March 2026, ECJ ruled entity assets frozen if controlled by listed person. ECJ issued judgement C-84/24 EM System, regarding assets of company not included on list of persons subject to sanctions may be frozen if it is controlled by a person included on that list. i.e., listed person has a 50% shareholding in…
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Australia – ASIC Ownership Transparency, Substantial Shareholding
On 10 March 2026, AST ASIC proposed to enhance beneficial ownership disclosure. AST ASIC issued consultation paper 387, enhanced beneficial ownership disclosure-proposed legislative instrument, form and guidance (CP 387). Aims to respond to reforms in schedule 1 of the Treasury Laws Amendment (Strengthening Financial Systems and Other Measures) Act 2025 (amending act). Follows AST GVT…
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Turkey – CMB Extending Prohibition on Short Selling
On 15 March 2026, TUR CMB issued bulletin 2026/15 extending previously implemented market measures; short selling transactions in the equity markets of TUR EXC continue to be prohibited until the end of the trading session on 27 March 2026.
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Germany – Courts Takeover, Shareholder Rights
On 11 March 2026, GE Courts said proceedings re takeover have legally concluded. The judgment of 25 February 2026 in II ZR 130/24, closing the case, has been published. Recalls in judgment of 13 December 2022 (II ZR 14/21), the Federal Court of Justice overturned the decision of Higher Regional Court of Cologne (unfavorable to…
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Egypt – FRA Approves Short Selling Rules
On 9 March 2026, EGY FRA issued a press release concerning resolution 365 of 2026. The Financial Supervisory Authority (EFSA) has issued a regulatory decision to practice securities borrowing operations for the purpose of selling (Short Siling), to enhance the efficiency of the market and raise levels of liquidity and depth, in order to support…
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Luxembourg – CSSF GFI Shareholding Approval
On 2 March 2026, LUX CSSF issued guide on submissions to assess structure. LUX CSSF issued new guidance (in XLSX format) on documents and information to be submitted for assessing shareholding structure of approved GFIs - initial authorisation and modification of an approved GFI (qualified and non-qualified shareholders). Summary Guidance details the documents and information…
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