On 20 March 2023, AST GVT registered instruments about relevant interests. AST GVT registered ASIC corporations (relevant interests: ASIC and ASIC chairperson) instrument 2023/194 to preserve the effect of the relief AST ASIC previously provided. Namely, under ASIC class order [CO 12/1209], which is due to sunset 1 April 2023. In addition, AST GVT registered…
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Singapore – MAS Credit Suisse Takeover
On 20 March 2023, SIN MAS commented on operations of Credit Suisse AG. SIN MAS commented on Credit Suisse's operations after annoucement of the takeover. Follows SWI GVT, SWI CB, FINMA March 2023 approved takeover of CS. Statement Takeover is not expected to have an impact on stability of Singapore's banking system. CS customers will…
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S Korea – FSC Registering Foreign Investment
On 20 March 2023, SK FSC proposed amendment on capital market act. SK FSC proposed amendment on Enforcement decree of the financial investment services and capital markets act, to abolish foreign investment registration system. Also to expand limit for small public offerings and to enhance international consistency. Amendments Limit for small public offerings that are…
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Switzerland – GVT UBS/Credit Suisse Takeover
On 19 March 2023, SWI GVT, SWI CB, FINMA approved UBS takeover of CS. SWI GVT, federal council welcomed and supported UBS takeover of Credit Suisse (CS). Swiss National Bank provided substantial liquidity assistance to support UBS takeover. SWI FINMA also confirmed that it has approved the takeover of Credit Suisse by UBS. Follows SWI…
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U.S. – SEC 13F Form Action Against Mormon Church is a Reminder
In mid-February 2023, the SEC fined the Church of Latter Day Saints (LDS) for 13F form reporting failures.
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Rulefinder Alerts to New Temporary Short Selling Bans
On 16 March 2023, Rulefinder alerted subscribers to three issuers with temporary short selling bans. These short selling bans will be effective 17 March 2023.
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