On 12 September 2024, BUL FSC advised of substantial shareholding form and notification submission change. BUL FSC outlined change to substantial shareholding form and submission method for notification of substantial shareholding (notification under article 145) by shareholders in public companies. Summary Applies to those passing thresholds of 5% or multiples of 5% of voting rights…
Read more
Japan – SESC Disclosure (incl. Substantial Shareholding) Inspections 2023
On 11 September 2024, JPN SESC issued disclosure inspection casebook for 2023. JPN SESC published the annual disclosure inspection casebook for fiscal year 2023, to encourage market participants to take steps toward proper information disclosure (i.e. substantial shareholding). To present JPN SESC's recent efforts in inspections and details of substantial shareholding disclosure violations. Follows JPN…
Read more
Hong Kong – SFC Takeover Table Updated
On 13 September 2024, the SFC updated its takeover table to close the offer period for Ling Yui Holdings Limited (Stock Code: 0784). Effective Date: Takeover offer period closed on 12 September 2024.
Read more
Hong Kong – SFC Trial For Illegal Short Selling
On 12 September, the Hong Kong regulator, SFC set the trial date for 4 individuals who committed securities fraud through illegal short selling. Between 23 June 2020 and 9 September 2020, it is alleged that the four defendants deceived an account executive at CVP Securities Limited (CVP) on several occasions by falsely claiming ownership of…
Read more
Taiwan – FSC Securities Lending (re: Short Selling) Business
On 5 September 2024, 2024, TAI EXC amended Operating rules for securities business money lending by securities firms; provisions related to the lending for new share subscriptions by employees and original shareholders are amended. Also revised Operating rules for securities firms handling margin purchases and short selling of securities, the amendments aim to address issues…
Read more
S Korea – FSC Meeting on Asset Management
On 5 September 2024, SK FSC held a meeting with asset management companies. SK FSC held a meeting with SK FIA and 10 asset management companies, to discuss asset management by life cycle, advanced capital market, sound market development. Overview of Meeting SK FSC requested for development of stable long-term investment pension products. Called upon…
Read more