On 22 February 2019, UK FCA issued bulletin of guidance on no-deal Brexit. Advised market makers, issuers of new regulatory obligations in case of no-deal. In respect of short selling regulation (SSR) and market abuse regulation (MAR).Key PointsExpect firms to undertake reasonable steps to comply with changes by exit day.Government made market abuse (amendment) (EU…
On 22 February 2019, BaFin issued a notice saying that it has updated its FAQ on transparency requirements relating to major holdings of voting rights.(available in the German language). In particular, following a judgement of the German Federal Supreme Court (BGH) published in November 2018, BaFin has changed its administrative practice with respect to acting…