On 20 March 2023, SIN MAS commented on operations of Credit Suisse AG. SIN MAS commented on Credit Suisse's operations after annoucement of the takeover. Follows SWI GVT, SWI CB, FINMA March 2023 approved takeover of CS. Statement Takeover is not expected to have an impact on stability of Singapore's banking system. CS customers will…

On 19 March 2023, SWI GVT, SWI CB, FINMA approved UBS takeover of CS. SWI GVT, federal council welcomed and supported UBS takeover of Credit Suisse (CS). Swiss National Bank provided substantial liquidity assistance to support UBS takeover. SWI FINMA also confirmed that it has approved the takeover of Credit Suisse by UBS. Follows SWI…

On 22 February 2023, JPN METI invited comments, info mainly from listed firms, investors. Aim to deepen analysis, consideration of major items under discussion by study group. Concern matters including principles of acquisitions in general, conduct of directors and BoD regarding takeover proposals, raising transparency related to acquisitions. Preventing acts that distort shareholder decision-making, an…

On 20 February 2023, AST FIRB issued warning regarding investor compliance. AST FIRB reminded that since 1 January 2021, all foreign persons who are given a no objection notification or exemption certificate have been required to notify AST GVT. Specifically, required to notify the AST GVT no later than 30 days after taking each specified…

On 20 February 2023, UK TO Panel published revised takeover code, reflecting instrument 2022/6 changes - presumptions of definition of acting in concert and related matters. Also advised that practice statement no 12 (rule 9 and the interests in shares of clients whose funds are managed on a discretionary basis) had been withdrawn. Minor consequential…