Monthly Archives: June 2019

France – AMF Shareholder Squeeze

On 27 June 2019, FR AMF issued decision of Jun. 25 on amendments to book II of Euronext Paris operating rules re lowering of squeeze-out threshold to 90%. Background On 21 June 2019, FR GVT published order of 19 June 2019 approving changes. Minister of Economy and Finance approved changes to AMF general regulations. Changes…
Read more

Germany – BaFin Releases Handbook in English

On 26 June 2019, BaFin released its updated Handbook for major shareholdings in English. In addition they also released a sample for a declaration of independence as well as an attachment in case of a collective declaration under the Forms section.
Read more

UAE – SCA Securities Trading Rules

On 24 June 2019, UAE SCA amended rules on securities trading system. Amended trading, clearing, settlement, transfer of ownership, custody regulations. Board of Directors meeting discussed number of initiatives aimed at developing the activities and services of the securities sector, to match the international standards. Securities The amendment adopted by the Board creates mechanism of…
Read more

E.U. – ESMA MiFID Equity Transparency

On 21 June 2019, ESMA updated results of transparency in equities. Follows ESMA April 2019 updated transparency calculation schedule. Updated Results Results of annual transparency calculations for equity and equity-like instruments. As announced on 6 March 2019, ESMA has started to make available the updated annual transparency calculations for equity / equity-like instruments; calculations include:…
Read more