Monthly Archives: May 2021

China – CSRC Update on Shareholder Information Disclosure.

On 28 May 2021, CHI CSRC responded to media reports that there are excessively strict and detailed verification requirements for shareholder information disclosure. Noted that during implementation, some intermediaries have expanded their scope of verification, resulting in shareholders with small shareholding not meeting criteria. CSRC emphasizes that shareholders of listing companies should be thoroughly inspected…
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Germany – BaFin Imposes Fine for Shareholding Disclosure Failure

On 25 May 2021, BaFin imposed an administrative fine amounting to 24,000 euros on Epigenomics AG. The sanction related to a breach of section 26a (1) sentence 1 of the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG) old version. Epigenomics AG failed to publish the total number of voting rights tied to shareholding disclosure within…
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New Zealand – OIC Foreign Investment Changes

On 25 May 2021, NZ OIC said that the overseas investment amendment act 2021 received Royal Assent, and the earliest changes will come into force on 5 July 2021. On the same day NZ GVT issued a press release on the end of emergency screening. On 7 June 2021, the emergency notification regime (ENR) will…
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France – CMP Takeover of La Halle Stores

On 20 May 2021, FR CMP gave green light for stores takeover by Chaussea. FR CMP gave green light for the takeover of 128 La Halle brand stores by Chaussea. Clearance Subject to Conditions 17 June 2020, Chaussea notified FR CMP of plan to acquire 128 La Halle brand stores. The acquisition is being made…
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