Regulatory Alerts2024-07-09 | 82637Insider Transactions of Listed Companies Subject to the Prior Disclosure Requirement from July 24
The Financial Services Commission announced that regulatory changes requiring listed company insiders to disclose transaction plans 30 days in advance will take effect on July 24. The revised Enforcement Decree of the Financial Investment Services and Capital Markets Act exempts qualified financial investors and small-volume transactions while establishing clear procedures for disclosure, plan withdrawal, and penalty calculations. These measures aim to enhance market transparency, prevent unfair trading, and protect investors by ensuring predictability in large-scale insider stock transactions.
Share