SEC is seeking public comments on the draft notification regarding the exemption from the filing requirement with the SEC in cases where a listed company disposes of its repurchased shares under an ESOP

As part of its review of the definition of major shareholder applicable to derivatives business operators required to obtain approval, the SEC aims to ensure that the definition appropriately reflects ultimate controlling persons and enables such operators to maintain credible major shareholders, as well as to ensure consistency in the supervision of businesses under the SEC’s oversight. In this regard, the SEC conducted a public hearing on the aforementioned principles during January–Feb...