On 11 January 2024, the Netherlands market regulator, Autoriteit Financiële Markten (AFM) issued another edition of their Market Watch publication, Read the full article.
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S Korea – FSC Violation of Shareholding Reporting Duty
On 7 December 2023, SK FSC proposed revisions re capital markets investigation. SK FSC proposed revisions to the Regulations on the capital markets investigation. Revisions Where a reporting duty such as on substantial shareholding is intentionally violated, resulting in material consequences, a penalty surcharge will be imposed in principle, as in the case of violating…
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Australia – ASIC Takeovers, Substantial Shareholding
On 27 September 2023, AST GVT registered instruments set out below re the consult above, and an explanatory statement for each; all instruments commence on 28 September 2023. Registered instrument ASIC corporations (changing the responsible entity) instrument 2023/681; ASIC corporations (takeover bids) instrument 2023/683; as well as the ASIC corporations (compulsory acquisitions and buyouts) instrument…
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Finland – Gvt Public Register for Substantial Shareholding
On 19 September 2023, FIN GVT discussed adding substantial shareholding to public register. FIN GVT requested responses on report investigating whether information of registered shareholders of listed companies could be made available in the public register. Background Report was based on the program of the previous government and the action program for the fight against…
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China – CSRC Fines for Failure to Report Substantial Shareholding
On 15 September 2023, CHI CSRC updated illegal substantial shareholding reduction case. CHI CSRC update the investigations on OLO Home whose controlling shareholders have violated the relevant regulations regarding substantial shareholding reductions. Follows CHI CSRC August 2023 further regulated substantial shareholding reductions. Investigations In 2021, Fan Yi and his concerted parties purchased 5% of the…
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24 August 2023 – Spain CB Fines for Substantial Shareholding Reporting Failures
Spain CB Fines for Substantial Shareholding Reporting Failures
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