On 4 August 2023, SZSE amended guidelines on evaluation of listed firms. SZSE amended SZSE guidelines for self-regulatory supervision of listed companies no. 11 and change name to evaluation of information disclosure of listed companies. Follows SZSE January 2022 issued self-regulatory guidelines for listed firms. Amendments Scope of evaluation includes the information disclosure and operation…
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Rulefinder Alerts to Temporary Short Selling Bans
On 7 August 2023, Rulefinder alerted subscribers to new temporary short selling bans in S Korea. Temporary short selling bans will be effective for 1 trading on 8 August 2023.
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Taiwan – FSC to Lower Substantial Shareholding Disclosure Threshold
On 1 August 2023, TAI FSC proposed revisions to lower substantial shareholding disclosure threshold. TAI FSC proposed to amend Regulations governing the declaration on acquisition of shares in accordance with paragraph 1 of article 43-1 of the Securities and exchange act, to comply with the revised Securities and exchange act articles 43-1 and 183. Follows…
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S Korea – FSS Asset Management Voting Guide
On 2 August 2023, SK FSS issued measures to promote the establishment of a public disclosure database on the exercise of voting rights, as interim discussion results. Measures include: standardizing disclosure forms of SK FIA and KRX by improving relevant standards, enabling the search on information of voting rights exercised by management companies under various…
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China – CSRC Division of Shares in Divorce
On 28 July 2023, CHI CSRC answered questions re division of shares. CHI CSRC answered questions from reporters on matters related to the divorce of major shareholders of listed companies and the resulting division of company shares. Background Since the beginning of 2023, there have been a number of incidents in the market where major…
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Poland – FSA Fines for Shareholding Reporting Failure
On 26 July 2023, POL FSA fined Krzysztof Gawla for violating shareholding reporting rules. POL FSA issued penalties to Krzysztof Gawla for various violations related to not notifying certain companies and the Commission about changes in shareholding. Penalties On 2016 June 2023, a fine was imposed of 20k PLN for not informing Budopol-Wroclaw SA and…
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