On 20 April 2020, SWE FI fined investors for notice of share purchase. Brax Investments SA will pay special fee of SEK 2,400,000 ($240K) for late notification of the acquisition of shares in Nordic Flanges Group AB (publ) to Finansinspektionen. Bees Invest Bees Invest SA SPF will pay a penalty fee of SEK 2,400,000 ($240K)…
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Spain – CNMV Updated FAQs on Short Selling Ban
On 17 April 2020, ESP CNMV issued updated FAQ document on the short selling ban. Half of the questions covered in late March 2020 have been supplemented or amended.
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Austria – Extension of Short Selling Ban
On 15 April 2020, AUT FMA extended the short sale ban in some financial instruments. It relates to entering new net short positions or increasing existing net short positions. Transactions by market makers and some trades in financial instruments are exempt. AUT FMA has agreed procedure with ESMA and the procedure has been harmonized. The…
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Mexico – GVT Foreign Ownership Rules
On 15 April 2020, MEX GVT proposal re investment in Mexican companies. MEX GVT seeks to amend aspect of foreign ownership in Mexican companies. Foreign Investment Limit Under article 9 of the foreign investment law, MEX national foreign investment commission must approve foreign acquisition that exceeds certain parameters. A foreigner may invest over 49% in…
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ESMA – Short Selling Ban Extensions
On 15 April 2020, ESMA issued positive opinions on ban extensions. ESMA issued positive opinions on short selling bans by national competent authorities. Follows FR AMF March 2020 announced one month ban on short selling. Follows AUT FMA March 2020 banned short selling on Vienna exchange. Follows ESMA Mach 2020 positive opinions on BEL FSMA,…
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India – Changes to Foreign Portfolio Investment Limits
On 15 April, 2020, IND RBI updated on the revision of investment limits for 2020-21. Limits for FPI investment in government securities and SDLs shall remain unchanged at 6% and 2%, respectively, of outstanding stocks of securities for FY 2020-21. All investments by eligible investors in the specified securities will be under the fully accessible…
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