Ukraine Substantial Shareholding
March 2026 Ukraine Sanctions & Control Definition Information Investing in Ukraine’s capital markets now requires much stricter oversight. Recent regulatory updates have significantly raised the stakes for reporting substantial shareholdings, introducing massive new fines and a broader definition of who counts as a “controlled” entity. 1. Massive Increases in Fines (Starting 2026) While missing a […]
Turkey Substantial Shareholding
February 2026 Turkey Sanctions for Non-Compliance Information The Capital Markets Board of Türkiye (CMB) holds broad authority to demand information and conduct on-site inspections. Failing to comply with these requests or breaching disclosure rules carries significant legal consequences. Key Sanctions for Non-Compliance Type of Penalty Specifics Imprisonment Between 2 to 5 years for individuals involved […]
US Short Selling
December 2025 United States Short Selling Information On December 3, 2025, the SEC granted additional temporary relief, extending the exemption from reporting on Form SHO to January 2, 2028. Instead of the previously set deadline of first filing in February 2026, the compliance date for first filing Form SHO has been extended by a full […]
Australia Substantial Shareholding
September 2025 Australia Substantial Shareholdings Information Treasury proposed on 4 September 2025 a Bill (Strengthening Financial Systems and Other Measures) to amend Chapters 6 and 6C of the Corporations Act, enhancing the substantial holding and tracing notice regimes. Some of the notable laws proposed: Holders must now disclose derivative-based interests to the market, treating them […]
Vietnam Sensitive Industries
March 2025 Vietnam Sensitive Industries Information Vietnam is raising the total foreign ownership limit in its domestic banks to 49% from the current 30%, effective May 19, 2025. State-owned commercial banks are excluded from this change, which is being implemented via Decree No. 69/2025/ND-CP to attract more foreign direct investment and bolster the banking sector. […]
Argentina Substantial Shareholding
December 2024 Argentina Substantial Shareholdings Information Argentina’s General Resolution 1035/2024 is easing the reporting requirements for holdings in publicly traded companies, modifying Capital Market Law No. 26,831. Starting December 16, 2024, once an initial 5% stake is reached, shareholders only need to report changes when their holdings hit multiples of 5% (like 10%, 15%, etc.) […]
U.S. Short Selling
February 2025 U.S. Short Selling Information The SEC has postponed the deadline for institutional investment managers to file Form SHO for 13f-2 short position reporting. The requirement, originally due by February 14, 2025 (for January 2025 data), is now delayed by a year, with the first report due on February 17, 2026 (for January 2026 […]
Philippines Substantial Shareholding
October 2024 Philippines Substantial Shareholding Information The PSE is consulting on proposed rules which will be issued to govern the listing, trading, and clearing and settlement of Global Philippine Depositary Receipts (“GPDRs”). The rules note the PSE intends to launch GPDRs, which are instruments where the holder has an economic interest in an underlying security […]
Bulgaria Substantial Shareholding
September 2024 Bulgaria Substantial Shareholding Update The Financial Supervision Commission (FSC) has issued new disclosure forms to notify holdings which exceed the thresholds of 5% or multiples of 5% of the voting rights in relevant issuers. The text of the previous disclosure form remains unchanged, However the form is now split into two separate documents […]
Saudi Arabia Sensitive Industries
September 2024 Saudi Arabia Sensitive Industries Update As part of attempts to attract investment, the Ministry of Investment of Saudi Arabia (“MISA”) has published a new ‘Investment Law’ (Royal Decree No. M19/1446) to replace the existing ‘Foreign Investment Law’ (Royal Decree No. M1/1421). Among other things, the Investment Law: Intends to apply to both domestic […]