On 3 February 2021, SK FSC, FSS further extended the short selling ban to 2 May 2021. FIA extraordinary meeting agreed that resumption of short selling is inevitable given the current market situation and the resumption of short selling in other countries. Also agreed that resumption of short selling should be gradual instead of all…
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Malta – FSA AIFMD Reports Updated FAQ
On 29 January 2021, MLT FSA updated FAQ on transparency data reporting. MLT FSA issued circular on updated FAQ concerning reporting of transparency information to MLT FSA in terms of arts 3 and 24 of AIFMD. Overview Revised, additional questions on actions expected from AIFM re submission uploaded to Licence Holder Portal; reporting of leverage;…
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Germany – BaFin Fines for Late Voting Rights Disclosure
On 27 January 2021, GE BaFin fined CPI €685k for voting rights disclosures. BaFin announced CPI Property Group SA €685,000 fine, imposed Jan. 19, 2021. Violated sec. 26a (1) sentence 1, German Securities Trading Act (WpHG) old version. Company did not publish the total number of voting rights within the required time.
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Sweden – FI Issues Fine for Late Short Selling Disclosure
On 27 January 2021, the Swedish Financial Supervisory Authority fined Systematica Investments Limited SEK 60,000 for late short selling disclosure of shares in having in BillerudKorsnäs Aktiebolag.
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Sweden – FI Fines for Late Shareholding Disclosure
On 27 January 2021, the Swedish Financial Supervisory Authority fined RoosGruppen AB a penalty of SEK 500,000 for late shareholding disclosure.
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U.K. – Parliament National Security, Investment Bill
On 22 January 2021, UKP announced Lords 2nd reading of bill scheduled for 4 February 2021.
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