On 1 May 2025, NZFiMA said Kok Ding Cheng has been ordered to pay a pecuniary penalty of NZD 198k for market manipulation pertaining to substantial shareholding. The Court found Mr Cheng deliberately placed trades worth NZD 59 - 540 to inflate RUA share prices, breaching section 265 of the Financial markets conduct act 2013.…
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E.U. – ESMA Increased EU Data Use Reported Re: Short Selling
On 30 April 2025, ESMA issued new report on ensuring better data quality. ESMA published the fifth edition Report on the Quality and Use of Data, revealing how regulatory data collected had been used by EU authorities, providing insight on actions. Follows ESMA May 2024 issued report on regulatory data quality. Report Overview The document…
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Norway – OSLO Information for Shareholding
On 1 April 2025, NOR OSLO issued example and key legal information. NOR OSLO issued example, key legal information for shareholding in Norwegian public limited companies listed on Euronext Oslo Børs or Euronext Expand Oslo. Overview It is a summary of certain Norwegian legal issues related to shareholding in Norwegian companies listed on Euronext Oslo…
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U.S. – AIMA Letter to SEC Chair Includes Short Selling Reporting Reform
On 23 April 2025, AIMA issued new letter to new SEC chairman on priorities including short selling reporting reform. AIMA has written directly to SEC Chair Paul Atkins to congratulate him on confirmation as new Chair and to outline a series of targeted recommendations aimed at fostering efficient, well-functioning capital markets while promoting responsible innovation.…
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UN – PRI Schedule 13(D), 13(G) Substantial Shareholding Reporting
On 22 April 2025, UN PRI issued policy briefing re disclosure reporting. UN PRI issued policy briefing, FAQ discussing schedule 13(D) and 13(G) reporting. Provided high-level overview of a specific regulatory provision of US SEC governing filings for investors with substantial shareholding of 5% or more of any class of company’s outstanding stock. Follows February,…
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Hong Kong – SFC Updates Takeover Table
On 29 April 2025, the SFC updated the Takeover Table new offer period has commenced for Jinke Smart Services Group Co., Ltd (stock code: 9666) from 28 April 2025.
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