Tag Archives: disclosure

China – GVT Revised Securities Law

On 29 February 2020, CHI GVT revised and adopted securities law. Securities law has been revised and adopted on CHI PRL 15th meeting, 28 December 2019. Follows fourth reading of securities law submitted on 24 December 2019. Amendments Registration-based system implemented for IPOs; companies no longer need advance approval from regulators and they are not…
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Singapore – FSC Discussed Improvements to Supervision.

On 24 February 2020, SK FSC discussed improvements to supervision. SK FSC chairman Eun Sung-soo held a meeting with financial conglomerate CEOs and private sector experts to discuss improving the supervision of financial conglomerates. Chairman's Remarks The supervision of financial conglomerates is an effort to systematically manage group-wide risks of financial companies, widely in use…
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Russia – CB Derivatives Disclosure

On 13 February 2020, RUS CB proposed rules on complex derivatives trades. Proposed to establish legal requirements for financial institutions (FIs) to disclose information to legal entities when they enter into complex derivative transactions. To eliminate existing legal gaps, protect non-financial firms' interests when entering into derivative trades, and reduce legal uncertainty for FIs operating…
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Brazil – CVM Investment Funds Shares

On 4 February 2020, BRZ CVM issued rules for investment funds managers. Circular with clarifications on disclosure, by investment fund managers intermediated by account, order of information re application and redemption time limit for shares. Overview In account and order intermediation, independent intermediary is hired by fund to distribute its shares, as provided for in…
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Taiwan – FSC English Language Disclosure

On 30 January 2020, TAI FSC issued rules on disclosing information in English. Listed companies required, in stages, to disclose important information in English. English Disclosure At end of December 2019, foreign capital held over 40% of the Taiwan stock market value. Beginning July 2020, listed companies with paid-up capital of NTD15bn must disclose important…
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Portugal – CMVM Disclosure Requirements

On 26 November 2018 CMVM issued rules for disclosure requirements. CMVM regulation amending the disclosure requirements in regulation no 5/2008. Due to amendments introduced to Securities Code by Decree-Law no. 22/2016. Overview Changes introduced on disclosure of facts re publicly-held companies, disclosure of qualifying holdings, definition of content, and quarterly financial information. As well as…
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