Earlier this month, the French regulator, Autorité des Marchés Financiers (AMF) issued a reminder to the market about bearish speculation provisions in its short selling regulations. Specific to their call-out was the dissemination of bearish speculation via the internet and social networks. We are reminded on a fairly regular basis how share prices and markets…
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Italy – CONSOB AIF Shareholding Paper
On 24 September 2018, Consob issued paper on hedge fund shareholdings. Harmonization of regulations on collective investment schemes (CIS), with UCITS regulation, AIFM directive, has expanded the area of operation of asset managers. Alternative investment funds are emerging as increasingly relevant shareholders. In light of such market development, the paper explores the interaction of the…
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Hong Kong – SFC Takeovers Table Updated
On 26 September 2018, the Securities and Futures Commission updated the Takeovers Table to reflect the offer period for Spring Real Estate Investment Trust (Stock Code: 1426) has commenced.
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Sweden – SFI Securities Trade Reporting
On 25 September 2018, SFI issued a reminder to report in time to avoid penalty. SFI experiencing an increasing number of late notifications of insider dealing so reminder letters issued to companies listed on regulated market, MTF platform. Reminder to disclose required information in order to avoid receiving a penalty. Transparency Issuers on regulated market…
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Hong Kong – SFC Takeovers Table Updated
On 24 September 2018, the Securities and Futures Commission updated the Takeovers Table to reflect the offer period for Get Holdings Limited (Stock code:8100) and Pearl Oriental Oil Limited (Stock Code: 632) have been closed on 21 September 2018.
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India – SEBI Makes Further Amendment to Takeovers
On 11 September 2018, SEBI issued further amendments to rules, to change wording. Revision shall come into force, on the date of their publication in official gazette. Background On 1 June 2018 , SEBI issued rules on acquiring shares and takeovers. Substantial acquisition of shares and takeovers (amendment) regulations, 2018. Regulations come into…
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