On 10 December 2020, BNG SEC issued directive on compliance of shareholding. BNG SEC issued directive regarding compliance of 30% shareholding requirement. Requirement If the sponsors/directors of any listed company fail to jointly hold minimum 30% shares of paid-up capital of a company all the time, SEC will impose certain actions. The company’s board shall […]
On 16 December 2020, MLY SCM, BML announced uplifting of the temporary suspension of regulated short selling (RSS), and reviewed other market management measures. Suspension of RSS, scheduled to expire on 31 December 2020, will be uplifted on 1 January 2021. Will have enhanced control measures; daily gross short position limit for approved securities temporarily […]
On 3 December 2020, NGR SEC issued disclosures on large share transactions. NGR SEC has asked dealers to comply with rules on disclosing big share transactions. Rule 56(1&2)(c) states single trades of 500,000 units to be disclosed within 24 hours. Dealers must say if they are making multiple deals for clients or for their own […]
On 10 December 2020, SK FSC updated on passage of bill re illegal short-selling. SK FSC stated that the bill to regulate illegal short-selling was passed at the Dec. 9 plenary session of the national assembly, and now required cabinet approval. The bill covers the imposition of penalty charges and imprisonment of at least 1 […]
On 10 December 2020, RUS CB issued guide for submitting document. RUS CB issued recommendations for legal entities, individuals submitting applications for acquisition of equity instruments of financial institutions and control over members. Recommendations Provide an overview of the most common mistakes and ways to eliminate them. RUS CB reminds that period for consideration of […]
On 9 December 2020, AST GVT passed legislation on foreign investment framework reform. Requires foreign investors to seek approval for all investments in sensitive national security land or businesses, including starting such a business, regardless of value. Subjects foreign investors to enhanced monitoring and investigation powers. As well as continue to bear the costs of […]