Tag Archives: disclosure

Philippines – EXC Listing, Disclosure, Takeovers

On 16 November 2022, PHI EXC consulted on listing, disclosure, trading rules. PHI EXC issued a consultation paper titled proposed amendments to the consolidated listing and disclosure rules and revised trading rules (2022 amendments - part II). Consultation paper proposes numerous changes to consolidated listing and disclosure rules (consolidated rules); also proposes an amendment to…
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Australia – ASIC Hedge Funds Disclosure

On 6 October 2022, AST ASIC guided on improving disclosure for hedge funds. AST ASIC issued regulatory guide 240 hedge funds: improving disclosure (RG 240) Supersedes prior October 2013 version; also noted related regulation impact statement. Follows AST ASIC February 2022 proposed remaking relief on PDSs, FSGs. Background Corporations act disclosure framework requires the issuer…
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U.S. – SEC’s IAC Mtg Discusses Shareholding Disclosure Reporting

On 21 September 2022, the SEC's Investment Advisory Committee had a public meeting to discuss shareholding disclosure reporting. Background: Proposed Rule 10B-1 Committee received comments on the proposed changes to 10B-1 Position Reporting of Large Security-Based Swap Positions / Asset-Based Swaps Discussion pertained to the modernizing of the reporting and regulation of the swaps markets.…
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S Korea – FSC Small-scale Fund Disclosure

On 30 August 2022, SK FIA published amended enforcement rules of regulations on financial investment business, to delete the disclosure form for small-scale funds. SK Law Center also published updated detailed regulations of the regulations on financial investment business, which takes effect from 30 August 2022.
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Netherlands – Courts Voting Rights’ Agreement

On 24 August 2022, NLD Courts ruled shareholders' voting agreement legal. NLD Courts ruled on agreement between shareholders to exercise their voting rights in the event of a tie in accordance with advice to be obtained from third parties. Supreme Court ruled the above in context of action re legality of the said agreement. Context…
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