Spain – GVT Takeover Bids in MTS Rules

On 8 January 2025, ESP GVT consulted on draft RD to amend RD 1066/2007. ESP GVT issued draft RD to amend RD 1066/2007 on regime of public offers (OPAs) for acquisition of securities, to extend its application to multilateral trading systems (MTS). Follows ESP GVT March 2023 published Law 6/2023 on securities markets. Overview RD […]

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Hong Kong – SFC Updates Takeover Table

On 5 January 2025, the SFC updated its Takeover table to reflect the following: the offer period closed for China Boqi Environmental (Holding) Co., Ltd. (Stock Code: 2377)  on 3 January 2025. Visit SFC Takeover Table

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Hong Kong – SFC Takeover Bulletin Published

On 30 December 2024, the SFC published its monthly Takeover Bulletin. Highlights include: New email address for submissions to the Takeovers Team Cold shoulder order against Zuo Ping for breaching the mandatory general offer obligation Rule 22 submissions: Aggregation of same-day, same-price trades and presentation of non-HKD currency-denominated trades Quarterly update on Takeovers Team activities

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Nasdaq Nordic Exchange Traded Notes

On 17 December 2024, Nasdaq Nordic issued rules for issuers of ETN products. Nasdaq Nordic issued Nasdaq Helsinki Regulated Market Rulebook for Issuers of Exchange Traded Notes, with specific requirements for a financial instrument to be admitted to trading at the Exchange and rules on issuer disclosure requirements. Overview Nasdaq Helsinki Ltd published a new […]

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U.K. – FB Redefining Takeover Rules

On 17 December 2024, UK FB issued blog on recent changes to takeover code. UK Takeover Panel which oversees corporate takeovers under a City Code on Takeovers and Mergers (the Code), confirmed new changes which will reduce the companies affected. Follows UK TO Panel April 2024 issued consultation on code applicability. Changes Overview The main […]

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Argentina – CNV Privatization, Takeover Bids

On 13 December 2024, ARG CNV modified privatization policy standards. ARG CNV issued General Resolution 1037/2024 to modify standards (NT 2013, mod.). The Resolution modified rules on takeover bids that do not involve changes in control. Highlights Resolution 1037 clarified provisions applicable to Public Acquisition Offers (OPA) within the framework of the privatization policy promoted […]

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