On 9 June 2020, HK SFC proposed changes to the code on REITs. Amend code on REITs to provide HK REITs with more flexibility in making investments. Proposed Changes Allows REITs to make investments in minority-owned properties and in property development projects in excess of the existing limit of 10% of gross asset value (GAV). […]
On 8 June 2020, SWE FI fined Cambridge Global major shareholding reports Cambridge Global Asset Management, CI Investments Inc. fined SEK 25k for failing to report changes in major shareholdings in Byggmax Group AB within the time limit. Sanction issued according to the act on trading in financial instruments (1991:980). Facts An initial notification was […]
On 5 June 2020, AST GVT issued foreign investment reforms. Paper outlines a reform package to Australia’s foreign investment review framework. AST GVT will shortly release exposure draft legislation for consultation on the reforms prior to its introduction into Parliament, and provide further guidance for investors. These reforms include measures to strengthen the existing framework […]
On 3 June 2020, BEL FSMA settled with firms for late transactions disclosure. BEL FSA agreed settlement of €55,000 between Sopal International SA and Frabelco SA, and a nominative publication on the FSMA website for late reported transactions. Details Mr Francis Lambilliotte was vice-chairman of the board of directors of Hamon & Cie NV from […]
On 1 June 2020, SWE FI issued fines to Neongelb, Kringesche re notification. SWE FI fined Neongelb Invest and Kringesche Vermögensverwaltungs GmbH for late disclosure of Stillfront Group shares’ acquisition, each fine amounts to SEK 2,400,000. Factual Basis Neongelb Invest GmbH (HRB 147961) and Kringesche (HRB 147903) both must pay a fine for late reporting […]
On 2 June 2020, AMF issued guidance on short selling and blog on enforcing. AMF issued Ombudsman blog on prohibition of short selling: who should enforce it and on what grounds? and updated guidance on EU regulation on short selling (SSR). Followed February 2020, AMF updated guidance on short selling regulation. Followed March 2020, AMF […]