On 11 November 2021, AST ASIC released a report highlighting the key issues that arose out of the submissions received on consultation paper 319 securities lending by agents and substantial shareholding disclosure (CP 319) and details ASIC’s responses. It also covers the targeted consultation on the remake of class order [CO 11/272] substantial shareholding disclosure: […]
On 1 October 2021, AST ASIC issued rules on securities lending arrangements. AST ASIC issued ASIC corporations (securities lending arrangements) instrument StIn 2021/821 which makes modifications to ASTCA S 608, 609, 671B. In order to grant relief in relation to reporting substantial shareholdings, for certain entities involved in securities lending as part of their financial […]
On 16 April 2021, SEBI issued a fine against Chaitya Rajesh Shah for his failure to make substantial shareholding disclosures for shares held in Gitanjali Gems Ltd.
On 3 March 2021, Rulefinder reported an update to the lists of issuers to whom the temporary shareholding disclosure thresholds apply. This update takes effect from 4 March 2021. To learn more about Rulefinder, click here.
January 2021, the Capital Markets Modernization (CMM) Taskforce has finalized and delivered its final report to the Minister of Finance. Background In February 2020, the Ontario government created the Capital Markets Modernization Taskforce to review and modernize Ontario’s capital markets regulatory framework. Proposed Changes on Substantial Shareholding and Short Selling: Recommends decreasing the Early Warning […]
On 14 January 2021, ITA Consob extended validity of measures until 13 April 2021. ITA Consob extended enhanced transparency regime on changes in substantial shareholdings, declaration of investment objectives for further 3 months until 13 April 2021. Follows ITA Consob April 2020 issued enhanced transparency obligations. Overview Transitional regime of enhanced transparency re changes in […]