Regulatory Alerts2024-11-19 | 83428Government Approves FSC Revisions to Corporate M&A Rules
The Financial Services Commission announced that the government approved revisions to the Enforcement Decree of the Financial Investment Services and Capital Markets Act to upgrade corporate merger and acquisition regulations. The changes remove mandatory price calculation methods for nonaffiliated entities to facilitate free negotiation, mandate external evaluations with strict conflict-of-interest safeguards, and enhance disclosure requirements for board decisions. These measures aim to align with global standards and strengthen shareholder protection, with the rules set to take effect upon promulgation on November 26.
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