On 15 September 2021, LUX CAA reminded firms of shareholding change rules. LUX CAA reminded brokerage firms of requirements to notify of shareholder changes. Overview LUX CAA noted that many insurance and reinsurance brokerage companies have not notified changes of shareholders during their reporting for the 2020 financial year. The circular outlines the terms of…
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Sweden – FI Fines for Late Substantial Shareholding Disclosure
On 16 September 2021, SWE FI fined Starbreeze SEK 250,000 for late shareholding disclosure. SWE FI issued SEK 250,000 penalty fee against Starbreeze AB for late notifications, under the Act (2016:1306) and violating EU Market Abuse Regulation (Mar) provisions. Follows SWE FI March 2020, fined Starbreeze AB for late substantial shareholding reporting. Summary Investigation and…
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U.S. – FTC Large Tech Company Acquisitions
On 15 September 2021, FTC issued a report on unreported acquisitions by the biggest tech firms. The report analyzes acquisitions by Alphabet/Google, Amazon, Apple, Facebook, Microsoft. Captures how these firms devoted tremendous resources to acquiring start-ups, patent portfolios, and entire teams of technologists, done largely outside of purview of FTC . Technology platform inquiry focused…
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U.K. – FCA Updated Position Limit Contact Information
On 14 September 2021, UK FCA updated the commodity position limits webpage with contact email.
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Israel – TASE Deadline Extension on Short Selling Consultation
On 12 September 2021, ISR TASE announced a deadline extension for consultation to 7 October 2021. Re its proposal to amend Chapter E in the third part of Stock Exchange's Articles of Association and Chapter G of the guidelines thereunder. The rules on short selling were written many years ago; the changes over time introduced…
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India – FIA Short Selling Gvt Securities
On 9 September 2021, IND FIA updated eligible securities for September 2021. IND FIA updated on the eligible securities for the short selling of the Government of India liquid securities applicable for the month of September 2021, from 5 September to 4 October. As per RBI guidelines, banks/PDs can short sell eligible IND GVT securities…
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