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.
Read more
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.
Read more
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…
Read more
Hong Kong – Short Selling Hit Nearly $10B
On 19 March 2024, the short selling turnover of HK market at midday amounted to $9.7 billion, or 23.8% of the turnover of securities eligible for short selling. Previous day short selling turnover percentage was 19.2%
Read more
S Korea – FSS Exercise of Voting Rights
On 15 March 2024, SK FSS held meeting with asset management companies. SK FSS held a meeting with executives from 10 major asset management companies and SK FIA, in order to discuss major issues re their exercise of voting rights. Follows SK FSS April 2023 set up a taskforce to revise voting guides. Meeting SK…
Read more
U.S. – SEC Short Selling Rule Challenged
On 13 March 2024, a group of former chief economists at the U.S. Securities and Exchange Commission are supporting a request that the Fifth Circuit intervene and "correct" a pair of recent agency rules intended to bring transparency to the short-selling market.
Read more