Hong Kong – SFC Announced New Substantial Shareholding in Issuer
On 3 September 2025, the SFC announced a substantial shareholding in the following: Walnut Capital Limited (Stock Code: 00905)
Pakistan – SEC Shareholding Change Reporting
On 20 August 2025, PAK SEC issued proposal re substantial shareholding reporting. PAK SEC proposed amendments to Companies regulations 2024 re shareholding change reporting requirements. Follows PAK SEC March 2024 issued circular re filing return with the registrar. Overview of Draft Amendments Non-listed companies must report substantial shareholding, membership, or voting rights changes exceeding 25% […]
Beach Volleyball in August: Update on Short Selling Rule SEC 13f-2
We exited July without a decision from the Fifth Circuit Court on the NATIONAL ASSOCIATION OF PRIVATE FUND MANAGERS, et al. v. SECURITIES AND EXCHANGE COMMISSION case Read the full article.
Japan – FSA Substantial Shareholding Reporting
On 26 August 2025, JPN FSA compiled substantial shareholding reporting laws, Q&A. JPN FSA published the Summary of laws, regulations, and Q&As concerning material proposal acts and joint holders under the substantial shareholding reporting system toward constructive dialogue between institutional investors and investee companies. Outline of Summary Summary reflects the Japanese stewardship code revised in June […]
U.S. – Fifth Circuit Court Remands 13f-2 Rule to SEC
On 25 August 2025, the Fifth Circuit Court issued its opinion on the case of National Association of Private Fund Managers (NAPF) v. SEC. Background lawsuit brought against SEC after SEC approved both the 13f-2 short position reporting rules and Rule 10c-1a Securities Lending Rules back in 2023 the Court has remanded both Rules in […]
Hong Kong – SFC Updates Takeover Table
On 25 August 2025, the SFC updated its Takeover table to include the following: new offer period has commenced for Dongfeng Motor Group Company Limited (stock code: 0489) from 22 August 2025.