On 28 July 2022, SK FSC issued new detection and punishment measures. SK FSC announced measures to strengthen detection and punishment of illegal short selling, and enhancing a short selling related system jointly with related organizations. Follows SK FSC December 2020 updated on passage of illegal short-selling bill. Meeting SK FSC Chairman Kim Joo-hyun presided…
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Luxembourg – CSSF Takeover Bids Law
On 24 July 2022, LUX CSSF published consolidated law on takeover bids. LUX CSSF published consolidated version of law of 19 May 2006, dated 20 July 2022. The law transposes EU directive 2004/25/EC of 21 April 2004 on takeover bids. Applies to takeover bids for securities of companies governed by laws of EU member states…
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Switzerland – Takeover Board Decision on MCH Group AG
On 28 July 2022, SWI Takeover Board issued decision on restructuring of MCH Group. SWI TOB issued decision on the non-existence of an obligation to make takeover offer re MCH Group AG in connection with the restructuring of the MCH Group. MCH Group The primary purpose of the MCH Group is the acquisition, sale, management…
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India – SEBI 3rd Amendment Capital and Disclosure
On 25 July 2022, IND SEBI issued Securities and Exchange Board of India (issue of capital and disclosure requirements) (third amendment) regulations, 2022. Inserts chapter X-A on social stock exchange after chapter X and before chapter XI. Regulations shall come into force on the date of their publication in Official Gazette
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Australia – GVT Foreign Acquisition / Takeover Fees
On 21 July 2022, AST GVT issued foreign acquisition/takeover fees rules. AST GVT issued the Foreign acquisitions and takeovers fees imposition amendment (fee doubling) regulations 2022 on 21 July 2022, which amend the Foreign acquisitions and takeovers fees imposition regulations 2020 to double the listed fees. Effectiveness Regulations are in force from 29 July 2022;…
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Rulefinder Alerts to Temporary Short Selling Ban
On 26 July 2022, aosphere LLP's Rulefinder alerted to temporary short selling bans in S Korea effective 27 July.
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