Monthly Archives: June 2021

France – AMF Fines for Late Takeover Reporting

On 17 June 2021, the Enforcement Committee fined Consellior SAS €80,000 for filing late reporting of its disposals of Baccarat shares and for a late declaration of a change in intention regarding the tender of its shares to the ongoing bid. Baccarat was the target of a public takeover bid at the time. Consellior SAS…
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Russia – CB Investment Platform Disclosure

On 24 June 2021, RUS CB issued information letter on investment platforms. RUS CB issued letter IN-015-34/42 which addresses investment platforms and carrying out disclose requirements as required by law 259-F3, the Investment Platforms Law. Clarifications When disclosing information required in clauses 1-4, 6, 7, of Article 15, RUS CB recommends that disclosures occur within…
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E.U. – EBA NCA Investment Firm Disclosures

On 25 June 2021, EBA issued report ITS on IFD disclosure by supervisors. EBA issued final draft standards of supervisory disclosure re investment firms directive. Part of phase 2 mandates of EBA roadmap on investment firms disclosure by EU NCAs. Will ensure disclosed information is comprehensive and comparable across all States. Background Follows EBA June…
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