Spain CB Fines for Substantial Shareholding Reporting Failures
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Poland – FSA Fines for Failure to Report Substantial Shareholdings
On 22 August 2023, POL FSA issued final decision re substantial shareholdings in MNI SA. POL FSA issued final decision failure to notify MNI SA substantial shareholdings by Agata Piechocka, Andrzej Piechocki, Jerzy Poludnikiewicz, Marek Poludnikiewicz and Marta Szymanska. Offering Act Breaches Res 259/2023 repealed parts of dec of 26 February 2021 and imposed on…
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Poland – FSA Electronic Forms for Short Selling
On 22 August 2023, POL FSA issued electronic forms to report short selling positions. POL FSA issued electronic forms for reporting short selling in shares. Overview POL FSA prepared the forms in accordance with template in Annex to Reg 826/2012. The short selling notification threshold is 0.1% of company's issued share capital and every 0.1%…
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Poland FSA Electronic Filing for Substantial Shareholding
On 16 August 2023, the Polish FSA announced that electronic disclosure forms are now available for the purposes of substantial shareholding disclosures to the FSA under the Act on Public Offerings. There are 6 forms available Use of the electronic disclosure forms will become mandatory FSA suggests that investors familiarise themselves with the functionality of…
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U.S. CBOE BZX Position Limit $125k Fine
On 15 August 2023, CBOE BZX fined Goldman Sachs re options position limits. CBOE BZX issued letter of consent to Goldman Sachs on position limit procedures. Allegations From about October 2018 to February 2021, Goldman Sachs reported 17,600 positions in 23,500 instances with incorrect effective date, due to technological system logic issue. Impacted Large Options…
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Italy Consob Identifies Reduced Short Selling in Issuers
On 14 August 2023, Consob published reduced short selling in issuers: Azimut Holdings and Saras.
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