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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Thailand – SET Accurate Disclosure Reminder
On 14 July 2023, Thai SET reminded companies to disclose complete data. Thai SET requested listed companies to pay closer attention to the disclosure of information in their financial statements and ensure it is accurate and complete. Especially statements that are disseminated through Thai SET's information system. Background The advice follows several discrepancies found in…
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S Korea – FSS to Revise Voting Guidelines for Asset Management
On 13 April 2023, SK FSS set up a task force to revise voting guidelines. SK FSS launched task force to enhance the effectiveness of voting guidelines, which support responsible voting by asset management companies on key corporate matters. Task Force Will analyze voting rights and disclosure practices of asset management companies. Explore ways to…
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Kuwait – CMA Fines for Failure to Disclose Shareholdings
On 6 April 2023, KUW CMA issued fine to COO of Kuwait Finance House for failure to disclose shareholdings. KUW CMA issued disciplinary board decision 125/2022 (100/2022 Authority) fining Kuwait Finance House executive, due to violation of disclosure and transparency rules. Violations Mr Abdullah Mohammad Abdullah Abu Alhous, group chief operations officer, Kuwait Finance House,…
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South Africa – FSCA Short Selling Reporting Rules
On 31 March 2023, RSA FSCA issued draft standard on short sale disclosures. RSA FSCA issued draft conduct standard re reporting and disclosure of short sales. Follows December 2018, RSA FSCA released discussion papers on short selling. Draft Standard Current regulatory framework in South Africa does not prescribe requirements for the reporting and disclosure of…
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India – SEBI Share Acquisition, Takeovers
On 16 February 2023, IND SEBI issued master circular on takeover procedures, formats. IND SEBI issued master circular for procedures and formats under SEBI (substantial acquisition of shares and takeovers) regulations, 2011 (takeover regulations). Follows IND SEBI March 2022 on the system driven disclosures. Overview Enables stakeholders to have access to provisions of applicable circulars…
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