On 28 July 2023, CHI CSRC answered questions re division of shares. CHI CSRC answered questions from reporters on matters related to the divorce of major shareholders of listed companies and the resulting division of company shares. Background Since the beginning of 2023, there have been a number of incidents in the market where major…
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Poland – FSA Fines for Shareholding Reporting Failure
On 26 July 2023, POL FSA fined Krzysztof Gawla for violating shareholding reporting rules. POL FSA issued penalties to Krzysztof Gawla for various violations related to not notifying certain companies and the Commission about changes in shareholding. Penalties On 2016 June 2023, a fine was imposed of 20k PLN for not informing Budopol-Wroclaw SA and…
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Shareholding Disclosure and the World Cup
First, it was the rain, then it was the humidity and now it is the World Cup that is keeping some of us inside in July. For the first time, Read the full article.
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U.K. – FB Takeover Code Rule 21 Updates
On 27 July 2023, UK FB issued response to UK TO Panel proposed changes. UK FB issued its analysis of and response to, UK TO Panel's consultation on proposed amendments to Rule 21 of the Takeover Code, dealing with frustrating actions. Follows UK TO Panel May 2023, proposed amendments on Rule 21. Overview Rule 21.1…
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EFTASA Norway Breaching Shareholding Restrictions
On 19 July 2023, EFTASA said Norway in breach of EEA rules for shareholding restricting. EFTASA noted Norway is in breach of EEA rules for restricting shareholding in insurance undertakings and credit institutions thus sent 2 reasoned opinions on the matter. Key Aspects Incorrect implementation and application by Norway of relevant EEA acts regarding prudential…
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Rulefinder Alerts to Temporary Short Selling Bans
On 26 July 2023, Rulefinder alerted subscribers to new temporary short selling bans in S Korea. Short selling bans effective for 1 trading day on 27 July.
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