On 4 February 2020, BRZ CVM issued rules for investment funds managers. Circular with clarifications on disclosure, by investment fund managers intermediated by account, order of information re application and redemption time limit for shares. Overview In account and order intermediation, independent intermediary is hired by fund to distribute its shares, as provided for in…
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Taiwan – FSC English Language Disclosure
On 30 January 2020, TAI FSC issued rules on disclosing information in English. Listed companies required, in stages, to disclose important information in English. English Disclosure At end of December 2019, foreign capital held over 40% of the Taiwan stock market value. Beginning July 2020, listed companies with paid-up capital of NTD15bn must disclose important…
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Portugal – CMVM Disclosure Requirements
On 26 November 2018 CMVM issued rules for disclosure requirements. CMVM regulation amending the disclosure requirements in regulation no 5/2008. Due to amendments introduced to Securities Code by Decree-Law no. 22/2016. Overview Changes introduced on disclosure of facts re publicly-held companies, disclosure of qualifying holdings, definition of content, and quarterly financial information. As well as…
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China – SZSE Major Shareholding, Repurchase
On 16 October 2018, SZSE issued shareholding increase, repurchase guides. Issued Announcement Format of Shareholding Increase Plan and Implementation of Major Shareholders, Directors, Supervisors, Senior Executives of Listed Companies. Refined disclosure requirements on subject, content, and implementation status of shareholding increase where a shareholding increase plan is voluntarily disclosed. Also the Announcement Format of Share…
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