substantial shareholders – Solutions Atlantic

Taiwain – FSC Lower Substantial Shareholding Threshold

February 5, 2024 by Anna Monteiro in News

On 30 January 2024, TAI FSC issued order on finalizing substantial shareholding amendment to regulations. TAI EXC also published the amended regulations into database on the same day. The substantial shareholding amendments are effective from 10 May 2024. Amendments Aims to lower the reporting threshold for substantial shareholdings from 10% to 5%. Substantial shareholders will […]

S Korea – FSC Foreign Major Shareholders

September 1, 2022 by Anna Monteiro in News

On 25 August 2022, SK FSC proposed revisions re foreign major shareholders. SK FSC proposed amendments to regulations on financial investment business, to allow foreign shareholders to justify penalty history, reduce impact on credit rating. Amendment Permitted controlling foreign corporate shareholders, as is with domestic substantial shareholders, to add extenuating circumstances for their historical penalty […]