On 22 February 2021, SK FSC proposed amendment on disclosure regulations. SK FSC announced partial amendment to capital market research business regulations. As stock market volatility has increased, so has the need to strengthen investor protection, as well as improve the effectiveness of penalties for disclosure violations. Amendments Rate of imposition of penalties on collective […]
On 21 February 2021, aosphere’s Rulefinder reported an extension of the temporary short selling ban in Malaysia. Learn more at Rulefinder.
On 17 February 2021, ESMA issued decision on delegation of powers re opinions. ESMA board of supervisors issued decision of 27 January 2021 on delegation of powers to its Chair for adoption of non-controversial opinions on position limits under MIFID II. Overview Art 57(5) of MIFID II requires competent authority to notify ESMA of the […]
On 17 February 2021, aosphere’s Rulefinder reported changes to the FDI regime in Malta. Learn more about automated regulatory intelligence at Rulefinder.
On 15 February, ECJ issued ruling on takeover bids share price calculation. ECJ ruling in case C-735/19 Euromin Holdings (Cyprus) Limited officially published. Overview Latvian court referred questions to EU Court on correct application of Takeover Bids directive (TOD) and scope for national law to set rules on price of shares, methods. Referral also asked […]
On 11 February 2021, CAN CMP decreased threshold for pre-merger notification. The 2021 pre-merger notification transaction-size threshold decreased to $93 mn. As per Competition Act S 110(8) (RSC 1985 c. C-34); 2020 threshold was $96 mn. Background Under the Competition Act, all mergers are subject to review by the Commissioner. CMP must generally be given […]