On 6 November 2025, NZFiMA alleged a retail investor manipulated STU shares. NZFiFMA filed civil proceedings against Franco Belgiorno-Nettis, a retail investor, for alleged market manipulation of Steel and Tube Holdings Limited (STU) shares. Allegations Between November 2020 and July 2023, Belgiorno-Nettis traded STU shares via accounts he held with ASB Securities; the orders repeatedly…
Read more
Saudi Arabia – MCI Amending Beneficial Ownership Rules
On 2 November 2025, SAU MCI consulted on amending the Beneficial Ownership Rules. Define real beneficiary as natural person with effective, ultimate control over company. Required company to collect sufficient, accurate, updating the data about its beneficial owner, recording it in a special register, in addition to submitting it to the Ministry. Exempted from disclosure…
Read more
U.K. – Treasury Overseas Regime Regulation Re: Short Selling
On 31 October 2025, UK Treasury issued instrument re overseas recognition. UK Treasure issued statutory instrument Financial services (overseas recognition regime designations) regulations 2025 (StIn 2025/1147), and explanatory memo. Follows UK Treasury July 2025, details of overseas recognition regimes. Overseas Recognition Regimes As per the powers in the Financial Services and Markets Act 2023 (FSMA…
Read more
Hong Kong – SFC Announces Substantial Shareholding
On 4 November 2025, the SFC announces substantial shareholding in the following: Shareholding in Home Control International Limited (Stock Code: 1747)
Read more
Germany – BaFin Fines for Failure to Report Voting Rights
On 29 October 2025, GE BaFin imposed fines on six people for failure to comply. GE BaFin imposed fines of €40,000 on each of six individuals, for violating obligation in German Securities Trading Act (WpHG) to notify all voting rights. Case Overview Shareholders must notify the issuer and GE BaFin in four trading days, if…
Read more
U.K. – FCA New Short Selling Regime
On 28 October 2025, UK FCA issued consultation on new short selling regime. FCA issued consultation seeking views on proposals for a new short selling regime. Proposals aim to support growth by removing unnecessary barriers which might inhibit or discourage short selling while retaining sufficient visibility and controls over short selling to manage any risks…
Read more