On 9 February 2022, SEC proposed to shorten settlement cycle to reduce risks. SEC requests comment on a proposal to reduce risks in clearance and settlement. Would shorten standard settlement cycle for most B/D transactions in securities from two business days after trade date (T+2) to one business day after trade date (T+1). Designed to…
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France – ACPR Takeover Applications
In December, ACPR issued 3 instructions regarding requests/reporting re takeovers and holdings by banks, investment, financing firms. These changes were entered into the ACPR Official Register on 1 February. Instructions Instruction 2021-I-18 relating to requests for takeover or qualifying holdings by credit institutions, requires submission of complete application file using form in the annex. Form…
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India – FIA Short Selling Gvt Securities
On 4 February 2022, IND FIA issued eligible liquid securities for the month of February 2022. Background: 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. As per RBI guidelines, banks/PDs can short sell eligible IND GVT securities up…
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26 January 2022: Sweden FSA Fines Armistice Capital for Late Major Shareholding Disclosure
Swedish FSA Fines Armistice Capital for Late Major Shareholding Disclosure
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1 December 2021: Norway FSA Fines CPPIB for Late Short Selling Report
Norway FSA Fines CPPIB for Late Short Selling Report
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22 November 2021: Germany BaFin Fines Major Fund Company for Late Substantial Shareholding
BaFin Fines Vanguard Group for Late Substantial Shareholding Disclosure
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