On 1 November 2024 CHI CSRC issued foreign strategic investment measures. CHI CSRC, CHI SAFE, CHI CMRC, CHI Tax, CHI SAMR jointly issued the Measures for the administration of strategic investment by foreign investors in listed companies. CHI CSRC also issued answers to reporters’ questions regarding the measures. Aims to further broaden the channels for […]
On 30 October 2024, NORFSA issued Sparebank 1 Markets supervisory report. NORFSA published report for Sparebank 1 Markets AS detailing inside information risk. Investigation Overview NORFSA investigated Sparebank 1 Markets AS placement of a shareholding in Crayon Group Holding ASA on 25 January 2024, concluding it communicated inside information to some investors without complying with […]
On 29 October 2024, BRZ CVM published Resolution 216 and Resolution 215 re the issuance of public share acquisition / takeover offers and the introduction of simpler procedures. Resolution 216 covers specific changes to harmonize rules with Resolution 215. Resolution 215 set new regulatory regime for the OPA, replacing Resolution 85. These Resolutions are a […]
On 15 October 2024, JPN JSDA revised Rules for cumulative stock investments. JPN JSDA announced revisions to the Rules for the handling of cumulative stock investments and mini stock investments and the Guidelines for shareholding systems. As per revised Cabinet office ordinance on the definitions under article 2 of financial instruments and exchange act, which […]
On 14 October 2024, IND SEBI wrote re market infrastructure institutions. IND SEBI issued circular regarding monitoring shareholding of market infrastructure institutions (MIIs), includes stock exchanges, depositories, and clearing corporations. Follows IND SEBI October 2023 issued master circular for stock exchanges. Also follows IND SEBI October 2023 issued new master circular for depositories. Follows IND […]
On 30 September 2024, HK SFC fined Profitech Securities Limited HKD 3.99mn. HK SFC reprimanded and also fined Profitech HKD 3.99mn for regulatory breaches. Key Breaches Failed to maintain liquid capital of HKD 3mn between February – June 2021, since July 2022. Improperly repledged client securities collateral without valid client standing authority. Failed to ensure […]