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…
Read more
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…
Read more
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.
Read more
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.
Read more
Australia – ASIC Relaxation of Short Selling
On 13 March 2023 the AST GVT registered the 4th compilation dated 21 February 2023, ASIC corporations (short selling) instrument 2018/745 to reflect ASIC corporations (amendment) instrument 2023/24 above. This 4th compilation shows the text of the law as amended and in force on 31 January 2023.
Read more
Australia – ACMA on Foreign Shareholding in Media Assets
On 9 March 2023, AST ACMA issued its report on ownership of media assets. AST ACMA published report of December 2022 titled Foreign Ownership of Australian Media Assets: Review of Legislative Requirements; Review of the Foreign Ownership of Media assets (FOMA) scheme and the Register found it is only partly meeting its objectives. Consequently, the…
Read more