On 13 November 2019, Thai SEC issued guidelines on submitting requests. Guide to submission of certification form for obtaining approval as a major shareholder. For those who become major shareholders of derivatives business, securities company. Followed notification 54/2562 of 23 July 2019, regarding requests for approval. Accompanied by form 90/91-1/AP25-1, Form 90/91-2/AP25-2, Form 90/91-3/AP25-3.
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China – SSE Disclosure Formatting Guidelines
On 8 November 2019, SSE issued four format guidelines for notices. Formats for disclosing entrusted wealth management, abnormal stock fluctuations, large changes in shareholding, profit distribution and conversion of public reserves. Disclosure Format Amount of content changed but focus is on improving quality of information disclosure. Revised format of entrusted wealth management has increased information…
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France – AMF Takeover Bid Trigger
On 27 June 2019, FR AMF announced amendments to general regulation. A decree of 19 June 2019, published in Official Journal of 21 June 2019, makes amendments to book II of general regulation on takeover bids and squeeze-out. Made pursuant to Article 75 I of Law No. 2019-486 of 22 May 2019 on growth and…
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Hong Kong – SFC Reports Substantial Shareholding Disclosure
On 22 May 2019, the SFC issued a notice of high concentration of shareholding in ZZ Capital International Limited (Stock Code: 08295).
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Hong Kong – SFC Reports Substantial Shareholding Disclosure
On 10 May 2019, the SFC reported a Substantial Shareholding in Bisu Technology Group International Limited (Stock Code: 01372).
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Germany – BaFin Updates FAQs Relating to Major Shareholding
On 22 February 2019, BaFin issued a notice saying that it has updated its FAQ on transparency requirements relating to major holdings of voting rights.(available in the German language). In particular, following a judgement of the German Federal Supreme Court (BGH) published in November 2018, BaFin has changed its administrative practice with respect to acting…
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