On 10 September 2023, JPN SESC issued disclosure inspection casebook for 2022. JPN SESC published the latest issue of findings in the disclosure inspection casebook. Document dated 31 August 2023, received from SESC September 10, summarized September 12. Follows JPN SESC Sep. 2022 published disclosure inspection casebook. Casebook Includes JPN SESC's recent disclosure inspection efforts,…
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India – SEBI Additional FPI Disclosures
On 24 August 2023, IND SEBI issued circular on additional disclosures by FPIs. IND SEBI issued a circular on mandating additional disclosures by foreign portfolio investors (FPIs) that fulfill certain objective criteria. Pursuant to Regulations 22 (6) and 22 (7) under SEBI (FPI) Regulations, 2019, vide SEBI (Foreign Portfolio Investors) (Second Amendment) Regulations, 2023. Criteria…
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China – SZSE Data Disclosure Evaluation
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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