On 3 July 2024, SK FSC, SK FSS fined global IBs total of KRW 27.173mn. SK FSC, SK FSS said Securities and Futures Commission had decided to impose fines totaling KRW 27.173 against two former Credit Suisse affiliated investment banks. Follows SK FSS May 2024 discovered illegal short selling in 9 global IBs. Overview of […]
On 26 June 2024, SWE INS announced it has approached government offices to seek amendments to the law on the review of foreign direct investments. Insurance and occupational pension companies should be exempted from the obligation to notify certain acquisitions to the Inspectorate for strategic products. SWE INS previously informed the Inspectorate for strategic products […]
On 3 July 2024, the SFC updated its Takeover Table. Offer period for SciClone Pharmaceuticals (Holdings) Limited (Stock Code: 6600) is now closed.
On 27 June 2024, BEL CB issued circular on reporting acquisitions, disposals. BEL CB issued circular NBB_2024_09 to financial institutions on acquisitions, increases, reductions and transfers of qualifying holdings, and the relevant reporting templates. Purpose Update of circular NBB_2017_23 on the occasional and periodic reporting obligations of financial institutions to the supervisory authority in relation […]
The Companies Commission of Malaysia has extended the grace period for companies to comply with the lodgement of beneficial ownership information through the Electronic Beneficial Ownership System by three months, now ending on 30 September 2024. The notification from the Companies Commission of Malaysia can be found here.
On 24 June 2024, the Stock Exchange of Thailand (SET) announced short selling and program trading regulations commencing on 01 July 2024. These amended regulations include: Qualifications of securities eligible for short selling: the minimum 3-month average market capitalization requirement for the non-SET100 securities will be raised to THB 7.50 billion. Additionally, 12-month average monthly […]