In The News

UAE – SCA Fund In-Kind Shares

On 15 August 2019 UAE SCA published its decision 63 TT/2019 on in-kind funds shares. As per article 9 provisions of the resolution entered into force on the date of issuance.  
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U.S> – CBOE Fund Fixed Income Holdings

On 7 August 2019, Cboe BZX proposed rules on fixed income portfolio. Currently, rule provides that non-agency, non-GSE and privately-issued mortgage-related, other ABS components not account more than 20% of fixed income portion. Similar to March 2019 NYSE Arca proposed rule on fixed income portfolio. Proposed Rule Amend rule by deleting fixed income portion, to…
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Sweden – FI Fredell Substantial Shareholding Fine

On 12 August 2019, SWE FI fined Fredell for late notification of holdings. Fredell & Co Aktiebolag must pay a penalty fee of SEK 260,000 for having reported too late that the holding of shares in Invuo Technologies had fallen below a flagging limit. Invuo Technologies AB shares were trading on Nasdaq Stockholm until 8…
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Croatia – HANFA MiFID II Guidelines

On 13 August 2019 CRO HANFA issued further notice re Annex I, C6, C7 guideline. This notice clarified that the entities covered by the guideline are competent authorities and investment firms defined in Article 4 (1) of the MiFID II Directive.  
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