Monthly Archives: April 2017

BAHAMAS: Central Bank Update on Introduction of Exchange Controls Liberalisation Measures

25 April 2017 Focus: General Organisation: Bahamas International Securities Exchange (BISX) Type: General Country: Bahamas Link: http://www.centralbankbahamas.com/news.php?cmd=view&id=16247 The Central Bank of The Bahamas has provided an update on the administrative preparations for the introduction of the Exchange Control liberalisation measures announced on 29th March, 2017. These measures will take effect on 24th April, 2017. The…

SAUDI ARABIA: CMA Publish Consultation on Updates to M&A Regulation

25 April 2017 Focus: Takeover and Acquisition Organisation: Capital Market Authority (SA) Type: General Country: Saudi Arabia Link: https://cma.org.sa/RulesRegulations/Consulting/Documents/MnA%20Regulations_PC_en.pdf The Capital Market Authority (CMA) of Saudi Arabia has published; “The Draft of the Updated Mergers and Acquisition Regulations”, which is open for public comment for 30 days. This aims to regulate mergers and acquisitions by…

CHILE: Bolsa de Santiago Demutualisation Approved

25 April 2017 Focus: Regulation Organisation: Santiago Exchange Type: General Country: Chile Bolsa de Santiago has announced that the Superintendencia de Valores y Seguros (SVS) has approved the demutualisation and new statutes of the Exchange. The Exchange will continue with the implementation of the new statutes within the next 60 days, including the regulations and…

ICELAND: EU Short Selling Rules to be Imposed from 01 July 2017

24 April 2017 Focus: Short Selling Organisation: Financial Supervisory Authority (Iceland) Type: General Country: Iceland Link: https://goo.gl/sAJAJP The Financial Supervisory Authority of Iceland (FME) has published a Circular confirming submission of a bill proposing to implement EU Regulation 236/2012 on Short Selling and certain aspects of Credit Default Swaps to Parliament (Short Selling Regulation). The…

MALAYSIA: SC Malaysia Approves Short Selling of Corporate Bonds

18 April 2017 Focus: Short Selling Organisation: Securities Commission (Malaysia) Type: General Country: Malaysia Link: https://goo.gl/QWXW5I The Securities Commission of Malaysia (SC) has approved new guidelines to allow the regulated short selling of corporate bonds in the Malaysian capital market. Under the new Guidelines on Regulated Short Selling of Corporate Bonds, Principal Dealers are now…

TAIWAN: FSC Increases Upper Limit of Short Sale Transactions

18 April 2017 Focus: Short Selling Organisation: Financial Supervisory Commission (Taiwan) Type: General Country: Taiwan Link: https://goo.gl/wR5y1a The Financial Supervisory Commission of Taiwan (FSC) has increased the maximum limit of short sale transactions per day from 20% of average daily trading volume of specific securities in the previous 30 business days to 30% of average…