On 7 December 2021, SK FSC said SK GVT approved revisions to enforcement decree of the financial investment services and capital markets act (FSCMA), its subordinate rules. Follows SK FSC October 2020 1st task force meeting on unfair activities. Also follows SK FSS January 2021 improvement plan for corporate disclosure. Revisions prescribe specific details […]
On 10 December 2021, CHI CBIRC published a list of banks and insurance institutions’ shareholders who have committed major violations, as part of shareholder supervision. Behaviors include conducting related party transactions in violation of regulations, concealing beneficial relationships, and the illegal holding and transfer of equity. As well as source of funds for shareholding not […]
On 2 December 2021, UK TO Panel proposed miscellaneous code amendments. UK TO Panel consulted on amendments to various provisions of the Takeover Code. Consultation Amendments include: requirement for a potential offeror to disclose an obligation to offer a minimum level, or particular form, of consideration; restriction on acquisitions of interests in shares by a […]
On 6 December 2021, IND SEBI issued (substantial acquisition of shares and takeovers) (third amendment) regulations, 2021, effective from publication in gazette.
On 2 December 2021, UK TO Panel said documents must be in electronic form. UK TO Panel issued miscellaneous code amendments, stated that with immediate effect, the executive will accept offer documentation in electronic form only. Background Rule 30.5 of the Takeover code currently requires that, when an offeror/offeree firm publishes offer document, scheme circular, […]
On 3 December 2021, EU CMSN issued final regulation on foreign direct investments in OJ. Regulation is in force on 20th day after publication in Official Journal, 23 December 2021