On 6 March 2025, FIN TEM appointed working group to prepare reform of takeover act. FIN TEM appointed cross-sectoral working group to prepare the reform of the Act on the monitoring of foreign corporate acquisitions in line with the government program. Assessment memorandum on the need for reform was completed on 5 February 2025. Working…
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Thailand – SET High-Frequency Trading Rules RE: Short Selling
On 7 March 2025, Thai SET proposed to amend short selling regulations. Thai SET proposed to revise regulations re: short selling, high-frequency trading (HFT). Follows Thai SET June 2024 revised regulations to enhance supervision. Background Following the implementation of the revised regulations on short selling, HFT the uptick rule has not had a positive effect…
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S Korea – FSC Short Selling System Improved
On 6 March 2025, SK FSC said legal revisions to improve the short selling system were completed with approval of revisions to Regulations on financial investment business. Plus, revisions to KRX's Market surveillance regulations, during its meeting on 5 March 2025. SK FSC will verify the computer system until the effective date, i.e. 31 March…
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Pakistan – SEC Mandates Book-Entry Shares
On 3 March 2025, PAK SEC notified that all unlisted firms newly incorporated from 3 March 2025 shall hold and issue shares in book-entry form only, not in physical form. The notification specifies CDS-issued documents, relevant returns on the prescribed form notifying detail of changes in shareholding that the unlisted firms must attach. PAK SEC…
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Luxembourg – CB FDI Investment Data RE: Shareholding
On 3 March 2025, LUX CB issued circular letter on FDI data collection. LUX CB issued circular letter ST.25-0026 on foreign direct investment (FDI) survey. Also published the documents on survey and guide on foreign direct investment 2024. Composed of 4 questionnaires including questionnaire 1 general information; questionnaire 2 shareholding; questionnaire 3 holdings; questionnaire 4…
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Hong Kong – SFC Updated Takeover Table
On 6 March 2025, the SFC updated the Takeover Table offer period for China National Building Material Company Limited (Stock Code: 3323) closed on 5 March 2025.
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