Monthly Archives: February 2021

ESMA Opinions On Position Limits

On 17 February 2021, ESMA issued decision on delegation of powers re opinions. ESMA board of supervisors issued decision of 27 January 2021 on delegation of powers to its Chair for adoption of non-controversial opinions on position limits under MIFID II. Overview Art 57(5) of MIFID II requires competent authority to notify ESMA of the…
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ECJ – Takeover Bids and Share Price

On 15 February, ECJ issued ruling on takeover bids share price calculation. ECJ ruling in case C-735/19 Euromin Holdings (Cyprus) Limited officially published. Overview Latvian court referred questions to EU Court on correct application of Takeover Bids directive (TOD) and scope for national law to set rules on price of shares, methods. Referral also asked…
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