On 12 February 2024, KUW CMA issued disclosure, transparency breach fine. KUW CMA announced issue of disciplinary resolution No. 59 of 2023 against Nakheel Agricultural Production Company for violating the rules of disclosure and transparency. Violations Violated the provisions of Book 10 re disclosure and transparency rules, article 4-1-1, clause 14 of the Executive Regulations…
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Kuwait – CMA Jiyad Holding Company Disclosure Fine
On 12 February 2024, KUW CMA fined firm for disclosure, and transparency violations. KUW CMA issued disciplinary resolution No. 65/2023 against Jiyad Holding Company. Violated disclosure and transparency rules of Law No. 7 of 2010 and its amendments. Follows disciplinary resolution No. 24/2023 against Jihad Holding Company. Violations Violated provisions of article 139 and provisions…
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India – SEBI Consultation on Foreign Portfolio Investors Disclosures
On 7 February 2024, IND SEBI proposed relaxation on timelines for disclosure. IND SEBI released Consultation paper on relaxation in timelines for disclosure of material changes by foreign portfolio investors, re two categories of material changes. Follows IND SEBI August 2023 circular on additional disclosures by FPIs. Categorization of Material Changes IND SEBI proposed to…
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S Korea – FSS – Corporate Disclosure Briefing
On 5 December 2023, SK FSS issued plan to hold corporate disclosure briefing. SK FSS issued a plan to hold briefing sessions on corporate disclosure. Aims to ensure that important corporate information is faithfully provided to the market by improving understanding of employees responsible for corporate disclosure. Briefing Sessions SK FSS has held briefing sessions…
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Kuwait – CMA Fining Ekttitab Holding
On 13 November 2023, KUW CMA fined Ekttitab disclosure, governance violations. KUW CMA issued disciplinary Resolution No. 31/2023 fining Ekttitab Holding Company. Violated Module 10, 15 of Executive bylaws of Law No. 7/2010 and its amendments. Violations Ekttitab firm violated Module 10, article 4-1-1, item 3 re disclosure and transparency. Company's chairman of board of…
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S Korea – KRX Disclosure Violations Review
On 8 November 2023, KRX proposed revisions re securities market disclosure. KRX proposed revisions to Enforcement rules of securities market disclosure regulations, to ensure promptness when handling multiple unfaithful disclosures. Revisions Modify the term comprehensive deliberation to instead read consolidated deliberation. Add 1 penalty point for each violation, in order to prevent the penalty level…
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