Tag Archives: Listing Rules

Indonesia: New OJK rules on registration requirements for public offerings

On 14 March 2017, the Indonesian Financial Services Authority (Otoritas Jasa Keuangan or “OJK”) issued OJK Rule No. 7/POJK.04/2017 on registration statement documents in public offerings of equity securities, debt securities or sukuk (“OJK Rule No.7”). OJK rule No.7 replaces … Continue reading

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Filed under Asia, Indonesia

Singapore: SGX reprimands oilfield services firm for failure to provide a balanced and fair announcement to the market

The Singapore Exchange (SGX) has issued a public reprimand to Swiber Holdings Limited (Swiber), an oilfield services firm, on 31 October 2016 (Regulatory Announcement) for failing to provide a balanced and fair project announcement to the market. SGX considered that … Continue reading

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Filed under Asia, Hong Kong

Market abuse update – July 2016

The Market Abuse Regulation (MAR) and the Criminal Sanctions (Market Abuse) Directive came into application in Europe on 3 July 2016.  Various outstanding pieces of secondary legislation were published in the Official Journal shortly before then, and further material has … Continue reading

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Filed under Americas, Asia, Australia, Europe, European Regulation, France, Hong Kong, Uncategorized, US

UK Listing Rules: fine for failing to identify related party transactions

The FCA’s recent fine for breaches of the Listing Rules, principally in respect of failures in systems and controls to identify related party transactions, illustrates the regulator’s focus on: systems and controls around related party transactions; the need to implement, as well as … Continue reading

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Filed under FCA, UK

Market abuse update – December 2014

The FCA has continued to build on the strong track record of civil and criminal enforcement action against abusive conduct and manipulation, notably in relation to insider dealing and benchmark manipulation.  The regulator remains committed to strong enforcement action and … Continue reading

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Filed under Americas, Asia, EU, Europe, European Regulation, FCA, France, HM Treasury, Hong Kong, US

UAE: Review of DFSA Markets Brief No. 6: ongoing market disclosure

The Dubai Financial Services Authority (“DFSA”) is the independent regulator of all financial and ancillary services conducted through the Dubai International Financial Centre (“DIFC”).  In January 2014, the DFSA published Markets Brief No. 6 (“MB6”) which discussed the DFSA’s policy on: … Continue reading

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Filed under Dubai, Middle East, UAE

Singapore Exchange implements Mainboard Listing Rules for Mineral, Oil and Gas Companies

Following a public consultation in 2012, the Singapore Exchange Securities Trading Limited (“SGX”) has implemented new rules for the listing and continuing reporting obligations applicable to mineral, oil and gas (“MOG”) companies on the SGX Mainboard. These new rules took … Continue reading

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Filed under Asia, Singapore, Uncategorized

UK: Market Abuse Update 2013

In its first business plan, the FCA promised to continue to treat market abuse as a priority.  Last week, the FCA published details of its first successful enforcement action against a high frequency trader, and today, made four further insider dealing arrests, demonstrating the FCA’s … Continue reading

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Filed under EU, Europe, UK, UK Legislation

Australia: ASX releases final guidance note on continuous disclosure

ASX has published its finalised updated guidance on continuous disclosure rules in preparation for release in May.   The updated guidance contains even more on immediacy, trading halts, rumour monitoring and announcement triggers.  Targets would be well advised to ensure that … Continue reading

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Filed under Australia

ESMA’s review of disclosures relating to impairment testing of goodwill and other intangible assets, and recommendations on application of IAS 36

On Monday ESMA published a report on its review of impairment of goodwill and other intangible assets in IFRS financial statements.  The report raises a number of issues of concern, makes recommendations to improve the application of IAS 36 (Impairment of … Continue reading

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Filed under Europe, European Guidance, Uncategorized