On 4 November 2021, ITA GVT issued online forms for data collection for review. Public shareholdings online forms for data collection for periodic review and census. Follows ITA GVT May 2021 launched the annual survey of public holdings. Overview By 31 December 2021, public administrations in art 2, para 1 a) LD 175/2016 Consolidated Law…
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U.S. – MIAX Pearl Timestamp Short Selling
On 2 November 2021, the SEC issued amendment no. 1, granting accelerated approval. Amendment Order also would receive new timestamp when position changed via cancel/replace message during short selling period from sell to sell short; sell to sell short exempt. Also sell short to sell; sell short to sell short exempt; sell short exempt to…
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France – AMF Regulation on Short Selling
On 2 November 2021, FR AMF issued rules on the EU regulation on short selling. FR AMF issued a press release entitled Regulation on short selling, setting out the basis of EU regulation on short selling and the reporting obligations, affecting French firms. Follows AMF June 2020 issued guidance on short sales, on enforcement. Background…
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Portugal – CB Qualifying Holdings
On 2 November 2021, POR CB announced notice 6/2021 was published in official journal. Notice regulates the elements and information that must be communicated under the procedures relating to the acquisition, increase or decrease of qualifying holdings. Revokes Notice 5/2010, rules relate to the general framework for credit institutions. Also re financial companies, legal framework…
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New Zealand – OIC Overseas Investment Changes
On 29 October 2021, NZ OIC updated on preparations for final Overseas Investment Act law reform changes, while staying on top of business-as-usual consent applications. October 2021 issue of Panui discussed: benefit to New Zealand test changes; new assessment timeframes; law reform resources; and notification when forms change. Plus assistance in understanding overseas investment rules…
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Italy – CB Qualified Shareholding in Banks
On 28 October 2021, ITA CB announced rules on qualified shareholding in banks, IMEL. Update information and documents to be sent to ITA CB by anyone who intends to acquire a qualified stake in intermediary (cited above), implements relevant EU law. In line with guidelines of EU authorities; at the same time simplify legislation. In…
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