On 12 March 2026, ECJ ruled entity assets frozen if controlled by listed person. ECJ issued judgement C-84/24 EM System, regarding assets of company not included on list of persons subject to sanctions may be frozen if it is controlled by a person included on that list. i.e., listed person has a 50% shareholding in […]
On 10 March 2026, AST ASIC proposed to enhance beneficial ownership disclosure. AST ASIC issued consultation paper 387, enhanced beneficial ownership disclosure-proposed legislative instrument, form and guidance (CP 387). Aims to respond to reforms in schedule 1 of the Treasury Laws Amendment (Strengthening Financial Systems and Other Measures) Act 2025 (amending act). Follows AST GVT […]
On 2 March 2026, LUX CSSF issued guide on submissions to assess structure. LUX CSSF issued new guidance (in XLSX format) on documents and information to be submitted for assessing shareholding structure of approved GFIs – initial authorisation and modification of an approved GFI (qualified and non-qualified shareholders). Summary Guidance details the documents and information […]
On 6 February 2026, UAE DFSA issued notice, USD 504,000 fine re market abuse. UAE DFSA imposed fine of USD 504,000 on Ark Capital Management (Dubai) Limited under art 90(2) Regulatory Law 2004 for having inadequate market abuse systems and controls, and for failing to notify DFSA of a proposed change in control; contraventions during […]
On 30 January 2026, CHI CSRC proposed expanding strategic investor scope. CHI CSRC proposed to amend the Application Opinions on Provisions 9, 10, 11, 13, 40, 57, and 60 of the Measures for the Administration of Registration of Securities Offering by Listed Companies (Legal Application Opinion No. 18). Aims to implement national policies on promoting […]
On 30 January 2026, Thai SEC proposed revising definition for derivatives operators. Thai SEC proposed to revise the definition of major shareholder for derivatives business operators, to strengthen supervision up to the level of true controlling persons. The review responds to increasingly complex shareholding structures, aiming to assess the fitness and absence of prohibited characteristics […]