On 22 November 2022, GE BaFin fined Carne Global Fund Managers for breach. GE BaFin fined Carne Global Fund Managers (Luxembourg) SA €382,000 for violations of section 33 (1) sentence 1 (shareholdings reporting) of the German Securities Trading Act (WpHG). The fine was imposed because Carne Global Fund Managers did not submit its voting rights…
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Japan – METI Fair Acquisition / Takeover Study
On 18 November 2022, JPN METI launched a study group on fair acquisitions. JPN METI set up a study group on ideal approach to fair acquisitions / takeovers, held meeting. Aim to consider matters incl. conduct/stance of relevant parties in relation to takeover proposals and ideal takeover defense measures, to develop a fair M&A market.…
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Cyprus – CSE New Form for Substantial Shareholdings
The Cyprus Stock Exchange has issued a new form for substantial shareholding disclosure reporting.
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Philippines – EXC Listing, Disclosure, Takeovers
On 16 November 2022, PHI EXC consulted on listing, disclosure, trading rules. PHI EXC issued a consultation paper titled proposed amendments to the consolidated listing and disclosure rules and revised trading rules (2022 amendments - part II). Consultation paper proposes numerous changes to consolidated listing and disclosure rules (consolidated rules); also proposes an amendment to…
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23 November 2022 – Finland FSA Fines for Late Short Selling Reporting
23 November 2022 - Finland FSA Fines Eisler Capital for Late Short Selling Reporting
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U.K. – Gov’t Moves to Pass National Security Bill
On 16 November 2022, UK GVT stated that the National Security Bill has reached its final stage in House of Commons and is about to pass to House of Lords, as it moves towards becoming law.
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