On 13 September 2024, JPN FSA proposed revisions re proprietary trading system. JPN FSA proposed revisions to cabinet orders and cabinet office ordinances with regard to the Financial instruments and exchange act (FIEA) enacted on 22 May 2024. Follows JPN FSA December 2022 issued 2nd interim report of market system working group. Also follows JPN…
Read more
Hong Kong – SFC Takeover Table Updated
On 13 September 2024, the SFC updated its takeover table to close the offer period for Ling Yui Holdings Limited (Stock Code: 0784). Effective Date: Takeover offer period closed on 12 September 2024.
Read more
Hong Kong – SFC Takeover Table Updated
On 4 September 2024, the SFC updated the takeover table to recognize that the offer period for CMPC Holdings Limited (stock code: 906) closed on 3 September 2024.
Read more
E.U. – Talgo Takeover Halted by Spanish Veto
On 27 August 2024, the Spanish government said the takeover of Talgo would have entailed "insurmountable risks for national security and public order". Background: Hungarian consortium Ganz-Mávag Europe's €619 million takeover bid of Spanish train manufacturer Talgo Ganz-Mávag said the consortium would “take legal action both in Spain and in Europe” According to the Spanish…
Read more
Croatia – HANFA Consumer Complaints 2023 Re: Takeovers
On Aug. 14, CRO HANFA issued report on consumer complaints 2023. CRO HANFA published a report on consumer complaints (takeover, insurance, etc..) it received during 2023. Highlights In 2023 198 consumer complaints received, 32 (19%) more than in 2022, compared to annual average complaints received from 2016 to 2023 it equates to 16% increase. Complaints…
Read more
U.K. – Takeover Panel Increased PTM Levy
On 14 August 2024, UK TO Panel increased PTM levy rate to 150p per contract. UK Takeover (TO) Panel increase PTM levy rate to 150p per contract where the total consideration of the relevant trade is greater than £10,000 (or the equivalent in any other currency). On same day, CBOE EU published letter from UK…
Read more