On 27 October 2019, SZSE revised industry information disclosure guidelines. SZSE revised and issued 18 industry information disclosure guidelines as part of implementing the "disclosure-oriented" regulatory concept in the capital market. In formulating guidelines, SZSE consulted and received feedback from hundreds of companies, held forums and face-to-face discussions to gather market consensus. Also assessed the…
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Thailand – SEC Securities Acquisition
On 30 September 2019, Thai SEC updated on conditions for a tender offer. Regarding rules, conditions and procedures for securities acquisition for a takeover. Adds to the third paragraph of clause 11 of the notification of the capital market regarding rules, conditions and procedures for the acquisition of securities May, 2011. Clause 11 states that…
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S Korea – FSC Short-Selling Violations
On 18 October 2019 SK FSC tightened regulation on short-selling violation. FSC introduced measure to strengthen regulations on violation of short-selling rules. Revisions The proposed revision establishes a new standard to impose penalties for illegal short-selling activities, raising the current imposition ratio by 5 to 15 percentage points. The government also established a regulatory basis…
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Temporary Short Selling Ban Effective Today
Rulefinder reports a temporary short selling ban effective today.
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Japan – GVT Foreign Direct Investment
On 21 October 2019, JPN GVT advised re amendment bill concerning FDI. Advised that the Cabinet approved the Amendment Bill of the Foreign Exchange and Foreign Trade Act on 18 October 2019, in relation to foreign direct investment (FDI). Follows JPN METI September 2019 announcement re legal categories revision. Overview Under current rules, investment in…
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U.S. – House SEC Disclosure Assessment Bill
On 17 October 2019, House bill on SEC disclosure effectiveness assessment. HR 1815 to require SEC test any new disclosure intended for retail investors under the SEC’s proposed regulation best interest to help better protect retail investors. Disclosure Assessment To require testing of all regulations that may affect retail investor disclosures that are relevant for…
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