On 17 April 2024, TAI TPEX published the amended regulation, forms, attachments. Background On 19 March 2024, TAI FSC said disclosure threshold for substantial shareholding will be reduced from 10% to 5%; reports will shift from paper-based to electronic format. TAI EXC, TAI TPEX will handle submissions related to substantial shareholding. Lowered disclosure threshold will…
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U.K. – Takeover Panel Revises Fees and Charges
On 18 April 2024, UK TO Panel updated its fees and charges for its services. UK TO Panel published Instrument 2024/2 which makes minor amendments to the Takeover Code on fees and charges, as well as a notice on the UK PLSA role change. Fees and Charges The Document Charges Section of the Code will…
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S Korea – FSS Includes Short Selling Reporting System in English Website
On 15 April 2024, the S Korea regulator, the FSS announced inclusion of an English short selling reporting system as part of their English website upgrade. the English website now includes an English short selling reporting system where registered users may access the Reporting and Disclosure of Net Positions online portal and Reporting on Information…
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Switzerland – GVT Credit Suisse Takeover Dossier
On 15 April 2024 SWI GVT issued thematic dossier on CS takeover by UBS. SWI GVT issued comprehensive dossier documenting the takeover of Credit Suisse (CS) by UBS, including relevant information, documents and comprehensive FAQs. Follows SWI PRL Feb. 2024 updated on inquiry following Credit Suisse crisis. Main Points The dossier includes factsheets on the…
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Finland – Gvt Updates Takeover Bid Rules
On 12 April 2024, FIN GVT published decisions presented by the President of the Republic on the session of 12 April 2024, including the confirmation of bill HE 3/2024. FIN PRL accepted bill; President ordered the law to enter into force on 19 April 2024. Background On Feb. 15, 2024, FIN PRL published HE 3/2024…
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U.K. – FB M&A Conference 2024 Takeaways
On 9 April 2024, UK FB reported on M&A Conference 2024 and Beyond. UK FB issued main takeaways of its first M&A Conference: 2024 and Beyond. Overview Inaugural M&A Conference welcomed over 125 delegates ranging from advisory, legal and consultancy practitioners to companies, regulators, government representatives. Experienced line-up of keynote speakers and panellists considered the…
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