U.S. – FIF Comment on Short Selling Report Rule 13f-2

On 7 July 2025, FIF submitted another letter (in addition to prior nine letters) to the SEC relating to the implementation of Short Selling Rule 13f-2 and associated Form SHO. Reminded SEC time is short to revise and clearly define the short selling reporting requirements for Form SHO, if the Commission plans to maintain the […]

Read More

Saudi Arabia – Launch of Depository Receipts in Capital Market, Re: Substantial Shareholding

On 7 July 2025, SAU CMA approved the regulatory framework for the issuance of Depository Receipts in the Saudi Capital Market corresponding to foreign shares. Introduce new security through the regulation of issuing depository receipts in the capital market for shares listed in foreign market, providing additional listing options. Allow foreign companies to register and […]

Read More

Spain – CNMC in Favor of Extending Takeover Regime

On 3 July 2025, ESP CNMC in favor of extending takeover bid regime. ESP CNMC in favor of extending takeover bid regime to multilateral trading systems. Follows draft Royal Decree on regime of public offers for acquisition of securities which will extend its application to multilateral trading systems (IPN/CNMC/008/25). Multilateral Trading Systems Multilateral trading systems […]

Read More

Japan – FSA Publish Amendments to Major Shareholding and Takeover Rules

On 4 July 2025, JPN FSA issued 350 public comments received and its responses wrt its major shareholding and takeover regimes. The FSA has published notice of the amendments to the major shareholdings and takeovers rules following a period of consultation. Re the tender offer (takeover) system, JPN FSA made further revisions to exclude share […]

Read More

↑