On 4 May 2026, AUT MoJ updated on federal act to implement EU law. AUT MoJ updated on bill to amend Commercial Code, Stock Corporation Act, Takeover Act (ESAP Justice Act or ESAP-JuG), issued explanatory notes and comparison texts. Follows December 2023 EU CNCL ESAP Reg 2023/2859 and Dir 2023/2864. Overview Draft ESAP-JuG, now under…
Read more
S Korea – FTC Designated Groups re Disclosure and Cross-Shareholding
On 29 April 2026, SK FTC designated groups re disclosure and cross-shareholding. SK FTC designated 102 corporate groups with total assets of KRW 5trn or more (3,538 affiliated firms) as being subject to disclosure requirement, effective 1 May 2026. It also designated 47 corporate groups with total assets of KRW 12trn or more (2,088 affiliated…
Read more
Germany – BaFin Inappropriate Advertising Prohibition
On 24 April 2026, GE BaFin ordered UniCredit to cease its takeover adverts. GE BaFin had ordered UniCredit SpA to refrain from its inappropriate advertising in connection with the takeover process of Commerzbank AG, containing sensationalist and inaccurate statements about the current financial situation of Commerzbank AG. Order Summary With the order, GE BaFin exercised…
Read more
U.K. – FCA Confirms New Short Selling Regime
On 24 April 2026, UK FCA issued Handbook Notice 140 which also contains the Short Selling Rules Sourcebook Instrument 2026 (FCA 2026/16), first issued 16 April 2026. Background: From 13 July 2026, existing exemptions for market making in UK sovereign debt will no longer apply, but FCA's emergency powers will continue to cover these instruments.…
Read more
Pakistan – SEC Transparency Disclosure Enforcement
On 21 April 2026, PAK SEC directed firms re ultimate beneficial ownership information. PAK SEC directed companies to ensure the timely submission of Ultimate Beneficial Ownership (UBO) information through Form-19 on its eZfile portal. Disclosure of UBO information ensures corporate transparency, prevents misuse of corporate structures, and combats money laundering and illicit financial flows. Follows…
Read more
Taiwan – Issuers Use of MOPS for Electronic Disclosure of Shareholding
On 24 April 2026, TAI FSC issued order re electronic disclosure via MOPS. TAI FSC, TAI Justice issued order to stipulate that public companies in compliance with the requirements of laws and regulations regarding matters to be publicly announced or reported shall post information on Market Observation Post System (MOPS). Follows TAI FSC March 2024…
Read more