All posts tagged "related party transactions"
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88ChinaCBIRC Tightens Rules for Major Shareholders of Banks, Insurers
The rules prohibit major shareholders from concealing their equity relationships, interfering with operations, and engaging in connected transactions.
October 18, 2021 -
121IndiaUPDATED – RBI to Initiate Insolvency Proceedings at Two NBFCs
Srei Infrastructure Finance and Srei Equipment Finance owe about INR 180 billion in loans to about 15 banks and INR 100 billion in external borrowings and bonds.
October 7, 2021 -
144IndiaSEBI Approves Proposals for Gold Exchange, Social Stock Exchange
SEBI will allow trading in electronic gold receipts. A social stock exchange will be created. Regulations on related party transactions have been strengthened.
October 1, 2021 -
184ChinaAMAC Issues Conduct Guidelines for Managers of Retail Funds
Directors, supervisors and senior managers should "lead by example" and consciously advocate the implementation of a healthy industry culture.
August 20, 2021 -
100ChinaCBIRC Orders Trust Companies to Divest Non-financial Subsidiaries
Trust companies can retain just one non-financial subsidiary whose business covers investment management or asset management. The remaining subsidiaries must be liquidated.
August 5, 2021 -
111ChinaCBIRC Fines Trust Company for ‘Major’ Regulatory Violations
The trust company was fined CNY 5.66 million for risk control failures, mismanagement of its trust schemes, and other "serious" breaches.
August 5, 2021 -
176MalaysiaBursa Malaysia Proposes Listing Rule Changes to Enhance ACE Market
Sponsor eligibility requirements will be liberalised to make available a wider pool of qualified corporate finance advisers to act as sponsors for the ACE Market.
August 4, 2021 -
187EuropeESMA Outlines Disclosure Expectations for SPACs
The guidance is aimed at enhancing the comprehensibility and comparability of SPAC prospectuses and ensuring investors are adequately protected.
July 18, 2021 -
184Capital RegulationCSRC Proposes New Rules for Subsidiaries of Futures Companies
CNY 300 million in net capital will be required for a futures company to establish a subsidiary. The activities of overseas subsidiaries will be restricted.
July 18, 2021 -
110Australia & NZNZ FMA Cancels Fund Manager Licence for ‘Material’ Breaches
Fund Managers Otago incorrectly calculated and disclosed returns in fund updates and entered into prohibited related party transactions, among other breaches.
July 11, 2021
