On 17 October 2025, Thai SET proposed reviewing listing/disclosure standards. Thai SET, Thai TCH invited comments for review of listing criteria and disclosure requirements for mutual funds, real estate trusts, and infrastructure funds. Outline of Proposal Requires listed firms to disclose shareholder information when there is a change in shareholding as specified in an ordinary…
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Thailand – CB Tightening Substantial Shareholding Disclosure
On 29 September 2025, Thai CB issued five notifications to finalize consultation tightening substantial shareholding. Thai CB has tightened substantial shareholding disclosure and approval rules for more than 5% and 10%, strengthened related-party lending controls, provided conditional relaxations for foreign bank branches, and expanded risk-based supervision to group level. Individuals or related parties holding 5%…
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Greece – CB Qualifying Holdings Acquisition
On 16 September 2025, GRE CB issued amended rules re qualifying holdings. GRE CB published Executive Committee Act of Sep. 2, 2025, amending Act of CB PD/TE 120 of Jul 11, 2011, on Precautionary assessment of the acquisition and increase of qualifying holdings in an insurance or reinsurance undertaking. Overview The amendment addresses the precautionary…
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Pakistan – SEC Shareholding Change Reporting
On 20 August 2025, PAK SEC issued proposal re substantial shareholding reporting. PAK SEC proposed amendments to Companies regulations 2024 re shareholding change reporting requirements. Follows PAK SEC March 2024 issued circular re filing return with the registrar. Overview of Draft Amendments Non-listed companies must report substantial shareholding, membership, or voting rights changes exceeding 25%…
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Japan – FSA Substantial Shareholding Reporting
On 26 August 2025, JPN FSA compiled substantial shareholding reporting laws, Q&A. JPN FSA published the Summary of laws, regulations, and Q&As concerning material proposal acts and joint holders under the substantial shareholding reporting system toward constructive dialogue between institutional investors and investee companies. Outline of Summary Summary reflects the Japanese stewardship code revised in June…
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India – SEBI Minimum Public Shareholding
On 18 August 2025, IND SEBI proposed review of large issuer requirements. IND SEBI issued consultation paper on Review of requirement of minimum public offer and timelines to comply with minimum public shareholding for issuers in terms of Securities contracts (regulation) rules, 1957. Proposals aim to facilitate larger IPOs without market oversupply concerns. Recent large…
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