On 2 August 2022, SIN MAS issued FAQs to disclose interest in listed security. SIN MAS issued revised FAQs on disclosure of interests in listed securities, under SFA. Securities And Futures Act SFA, Part VII (disclosure of interests), imposes obligations. Scope Applies to director or CEO of a listed corporation (except a foreign corporation with […]
On 25 July 2022, IND SEBI issued Securities and Exchange Board of India (issue of capital and disclosure requirements) (third amendment) regulations, 2022. Inserts chapter X-A on social stock exchange after chapter X and before chapter XI. Regulations shall come into force on the date of their publication in Official Gazette
On 19 July 2022, RUS NFA initiated development of issuer disclosure criteria. RUS NFA initiated development of new mechanisms/criteria for information disclosure by Russian issuers as currently firms have limited amount of information they disclose. Summary Limited disclosure of information by issuance documents leads negative consequences, making it difficult for investors to develop risk policies, […]
On 14 July 2022, HUN CB discussed shares with voting rights in acquisitions. HUN CB published article by Dr. Kornél Komlósi, HUN CB market compliance lawyer on the effects of shares with voting rights to determine control influence in acquisitions. Main Points The Capital Markets Act provisions apply to acquisitions of control of a target […]
On 20 June 2022, GE BaFin fined CEWE Stiftung & Co. €600,000 for breach. Ge BaFin announced CEWE Stiftung and Co. €600,000 fine, imposed on 1 June 2022. Company did not publish the total number of voting rights within the required time. Breached section 41(2) in conjunction with section 1 of German securities trading act. […]
On 14 June 2022, RUS CB issued guide on securities market disclosures. RUS CB issued guide on restricting disclosure of information on the securities market on temporary decisions allowing participants to choose disclosed information. RUS CB Recommendations RUS CB recommended that investors carrying out transactions with securities account for the fact that information disclosure by […]