On 14 January the Taiwanese regulator, FSC issued a consultation with proposed amendments to the Securities and Exchange Act which could impact large shareholdings rules. Proposed: Large shareholdings reporting threshold to be lowered to 5% from the current 10%. The consultation will be open for comment until 15 March 2022.
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South Korea – Reporting Changes for Large Shareholding Disclosure
On 21 January 2020, SK FSC stated the amended 5% rule would take effect 1 February 2020. The changes to the rule are in line with SK FSC's 5 September 2019 proposal. Background Shareholding Reports Under the 5% rule, a person who holds 5% or more of the equity securities of a listed company or…
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South Korea – FSC Large Shareholding Reports
On 5 September 2019, SK FSC proposal to amend large shareholding reporting. Consultation on plan to amend large shareholding reporting rules (so called 5% rule). Substantial Shareholding Reports Under the 5% rule, a person who holds 5% or more of the equity securities of a listed company or who thereafter changes its holdings by 1%…
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