Monthly Archives: August 2019

Germany – GVT MiFID/MIFIR Amendment

On 27 August 2019 GE GVT issued responses to consultation and position papers to EU. Two position papers set out what changes and further steps are needed in short and medium term in investor protection regarding MiFID II/MiFIR and PRIIPS regulations. Consultation showed discontent, desire for early refit covering certain requirements. Respondents strongly criticised breadth…
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Taiwan – FSC Financial Holding Company

On 27 August 2019, TAI FSC issued FHCA law interpretation. TAI FSC issued interpretation for article 30 of financial holding company act (FHCA). FHCA Financial holding company in article 30 refers to companies that own subsidiaries as defined in FHCA article 4 paragraph 1, or companies held through those subsidiaries. This notice is effective on…
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U.S. – SEC Reg S-K Business Disclosures

On 27 August 2019, SEC commissioners Jackson and Herren Lee issued joint statement. Supported sending out for comment the recently proposed revisions to Regulation S-K. Sought comment in two critical areas where they believe proposal should be improved. Concern of shift to principles-based approach to disclosure and absence of climate risk.  
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Brazil – BVMF Limits Set for Open Positions

On 22 August 2019, BVMF issued group position concentration limits. Investor group open position concentration limits in BM&FBOVESPA clearinghouse. Concentration Limits Ins 283 sets criteria used by clearinghouse to set open position concentration limits. Open position concentration limits set for derivatives, securities lending agreements apply to: positions held by same investor, registered under responsibility of…
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