On 21 March 2024, AST OMB released report on use of undercover powers. AST OMB released report titled Uncovering the use of undercover powers, 2022-23 report to the Attorney-General on agencies’ compliance with the Crimes act 1914: controlled operations delayed notification search warrants account takeover warrants. It includes results of AST OMB's inspections conducted under…
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Vietnam – GVT Foreign Institutional Investor Consultation Paper
On 21 March 2024, VIE GVT published related notification and the consultation paper. Background VIE SEC proposed to amend, supplement existing rules. VIE SEC drafted circular to amend, supplement existing regulations on securities transactions, clearing and settlement; activities of securities companies; and disclosure of information on the securities market; in accordance with Law on securities,…
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Hong Kong – SFC Short Selling Fraud Charges
On 20 March 2024, HK SFC said Yeung has been sentenced to 18 months in prison for securities fraud; Magistrate Mr. Jeffrey Sze Cho Yiu emphasized severity of the offense. Background HK SFC said Yeung pleaded guilty to securities fraud involving illegal short selling in proceedings. The case marks the first criminal conviction of securities…
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Sweden – ISP Updated Foreign Direct Investment Forms
On 19 March 2024, SWE ISP updated foreign direct investment forms and instructions. Updated documents are: Instructions for reporting foreign direct investment version 1.5; Notification of foreign direct investment form; plus appendix A; and appendix B.
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Taiwan – FSC Lower Substantial Shareholding Threshold
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. Reminded that the lowered disclosure threshold will take effect from 10 May 2024.
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Denmark – Gvt Investment Screening Act
On 14 March 2024, DEN CRG initiated evaluation of investment screening act. DEN CRG issued consultation regarding evaluation of Investment screening act (ISA). Follows DEN CRG June 2023 investment screening act updates. Follows DEN CRG July 2021 guidance on investment screening rules. Consultation DEN CRG initiated evaluation of ISA; report will be prepared, forwarded to…
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