On 20 March 2023, EBRD said it would be Procredit Holding core shareholder. EBRD will become a core shareholder in ProCredit Holding AG & Co. KGaA subject to regulatory approval, acquiring an additional 5%, bringing total shareholding to 8.7%. ProCredit Holding is parent company of the development-oriented ProCredit Group with subsidiaries in 10 EBRD economies; […]
On 9 March 2023, AST ACMA issued its report on ownership of media assets. AST ACMA published report of December 2022 titled Foreign Ownership of Australian Media Assets: Review of Legislative Requirements; Review of the Foreign Ownership of Media assets (FOMA) scheme and the Register found it is only partly meeting its objectives. Consequently, the […]
On 2 March 2023, JPN FSA published matters to be considered by council. JPN FSA published request by JPN GVT minister of state for financial services. For the joint meeting of financial system council and subcommittee of finance to consider the ideal approach to tender offer and large shareholding reporting systems. Aims to ensure market […]
On 10 February 2023, TAI TPEX amended supplemental rules governing applications by group enterprises for TPEX listing of stock, to protect rights, interests of shareholders. Issuing company should submit a checklist completed by the recommending securities firm when applying for OTC listing, to prevent shell investment holding companies. Also made the same changes to rules […]
On 3 February 2023, IND SEBI issued additional means to achieve shareholding. IND SEBI reviewed existing methods and introduced two additional methods to facilitate listed entities to achieve minimum public shareholding (MPS) requirements. Follows IND SEBI February 2018 issued minimum public shareholdings rules. Follows IND SEBI January 2023, modified provisions of existing framework. Methods Listed […]
On 20 January 2023, LEB CB revised rules on credit, shareholding, investment. LEB CB issued Decision No. 13525 (circular 656) to amend Decision No. 7776 of 2001 relating to credit, investment, shareholding, and participation operations. Document dated 20 January 2023 was received from LEB CB on 24 January 2023. Amendments Removed Paragraph 5 of Section […]