Monthly Archives: December 2020

Germany – BaFin Fines for Late Shareholding Reporting

On 23 December 2020, GE BaFin fined Groupama €130k for shareholding disclosure violations. BaFin announced imposition of fine of €130k on Groupama Asset Management. Groupama did not submit voting rights notifications on time, contrary to s 130(1) of the Administrative Offenses Act in conjunction with s 33(1) of Securities Trading Act.
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Hong Kong – SFC $3.6 mn Short Selling Fine

On 23 December 2020, HK SFC fined Fulbright Securities find $3.6 million. HK SFC fined Fulbright Securities $3.6 mn for internal control failures relating to short selling and for failing to report related short selling incidents to SFC in timely manner. Findings From October 2015 to March 2016, there were at least 93 instances of…
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Thailand – SET Short Positions Not Covered

On 22 December 2020, Thai SET issued guidelines on reporting short positions. Thai SET issued guideline for short selling reporting for positions which have not been covered, with an example of the calculation amount and adjustment of such short positions. Reporting All member companies and non-member securities companies have a duty to submit report on…
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