Monthly Archives: May 2017

RRS Updates Rules for Egypt and Romania

On 23 May, Solutions Atlantic released updated rules for Egypt and Romania. Information pertaining to Egypt: The EFSA announced new rules which will restrict investment in issued share capital or bonds convertible to shares (voting or non-voting) of securities companies licensed in Egypt. Such investment will require pre-acquisition approval of any acquisition (directly or indirectly…
Read more

RRS Now Supporting New Forms Required by UK and HK

Solutions Atlantic has released new forms to support new requirements by the UK and HK regimes. United Kingdom - FCA As reported in early April, the FCA  announced its plans to adopt a new TR-1 form which is closer to the ESMA issued form. This new form will be effective on 30 June. Click the…
Read more

RRS Supports EU Net Short Position Sovereign Issuer Thresholds

The EU issued net short position notification thresholds for sovereign issuers on 1 May, 2017. According to Article 7(2) of the Short Selling Regulation, ESMA has to publish a list of the thresholds applicable to the sovereign issuers for the purpose of the notification to competent authorities of significant net short position in sovereign debt.…
Read more

Hong Kong – SFC Issues New Forms for Electronic Disclosures

On May 5, SFC issued forms for disclosure of interest notifications. Covers new forms for electronic disclosure of interests notifications (DI notices). They are to be filed through new Disclosure of Interests Online System (DION). Notifications and reports to be filed electronically after 3-month transition period. Filers will not be required to submit DI notices…
Read more