On 20 January 2023, FINFSA amended rules on property ownership declaration. FINFSA issued an amendment to regulation 105.2 on declaring the share and property ownership of a credit institution and its consolidation group to reflect the amended legislation so that it will be repealed with regard to the notification of shareholding. Regarding notification of real…
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UK – FCA Updated Info for Short Selling Regime
On 16 January 2023, UK FCA updated the information on the notification and disclosure of net short selling positions, relating to the data regarding the UK sovereign debt thresholds. It also includes all of the uncovered positions in UK sovereign CDS, that may be held. This section had been updated with figures valid as of…
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Cyprus – CSE New Form for Substantial Shareholdings
The Cyprus Stock Exchange has issued a new form for substantial shareholding disclosure reporting.
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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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