On 18 February 2024, SK FSS announced that it would promote the development of English DART, the establishment of English Open DART, to expand English contents. Improvements to English DART will allow foreign investors to check key items of statutory shareholding disclosures such as table of contents and forms in real time in English. SK…
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Taiwan – TPEX Published Amended Substantial Shareholding Regulations
On 17 February 2024, TAI TPEX published the amended regulations re declaration on acquisition of shares / substantial shareholding according to para 1 of article 43-1 of Securities and exchange act. Amendments Aims to lower the reporting threshold for substantial shareholdings from 10% to 5%. Major shareholders will be able to submit their reports through…
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Switzerland- SER Implements New Portal for Substantial Shareholding Reporting
On 7 February 2024, SIX Exchange Regulation (SER) announced that from 4 March 2024, there will be a new online platform for investors (and issuers) to submit their substantial shareholding disclosure notifications under FinMIA. Submissions of substantial shareholding disclosure notifications to the Disclosure Office of SER and to the issuer SER will provide a manual…
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Taiwain – FSC Lower Substantial Shareholding Threshold
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…
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Poland – FSA Krzysztof Gawla Substantial Shareholding Penalties
On 30 January 2024, POL FSA upheld decision of POL FSA to impose the fines of 20,000 PLN, 140,000 PLN, 220,000 PLN, 40,000 PLN, 110,000 PLN, 200,000 PLN, 140k PLN. Background On July 2023, POL FSA fined Krzysztof Gawla for various violations related to not notifying certain companies and the Commission about changes in substantial…
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Taiwan – FSC Lowering Substantial Shareholding Threshold
On 16 January 2024, TAI FSC said that proposed substantial shareholding amendments will be published soon. Amendments Aims to lower the reporting threshold for substantial shareholdings from 10% to 5%. Shareholders will be able to submit their reports through file uploads on the market observation post system (MOPS), to effectively complete the substantial shareholding reporting…
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