Recent Posts by Anna Monteiro

U.K. – CMA NEC Software/Capita Takeover

On 27 September 2022, UK CMA updated the administrative timetable for its in-depth investigation of the takeover by NEC Software Solutions UK Limited of SSS Public Safety Limited and Secure Solutions USA LLC (previously part of Capita plc). Extended the deadline for the final phase 2 decision from 26 October to 21 December 2022.
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Indonesia – FSA Stock Splits and Mergers

On 21 September 2022, IDN FSA issued a press release on the issuance of the regulation. Overview A public company must obtain approval in principle for the proposed stock mergers or stock splits from the same stock exchange that the company's shares are listed on. Stakeholders must consider a public company's financial fundamental performance, ratio…
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U. K. – FCA Takeover of Link Group

On 21 September 2022, UK FCA gave an update on its proposed enforcement action against Link Fund Solutions Ltd (LFS), following September 12 Link Group announcement to ASX. Link Group statement confirmed FCA issued LFS with a draft warning notice. Warning notice gives recipient an opportunity to resolve the case by agreement. The draft warning…
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Norway – Europlav Short Selling Regulation

On 22 September 2022, EU CMSN published decision 146/2022 changing EEA Agreement. Background: Europalov updated on reg 2022/27 amending reg 236/2012 as regards the adjustment of the relevant threshold for notification of short selling in shares.  
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E.U. – AFME Shortening EU Settlement Cycles

On Sep. 21, AFME called for industry discussion on shortening cycles in Europe Overview New paper discusses if Europe should move to 1-day settlement cycle (known as T+1). Current settlement for most transactions in equities, fixed income markets is (T+2). Post announcements by US, other of intention to move to shorter settlement cycles. The move…
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U.S. – SEC’s IAC Mtg Discusses Shareholding Disclosure Reporting

On 21 September 2022, the SEC's Investment Advisory Committee had a public meeting to discuss shareholding disclosure reporting. Background: Proposed Rule 10B-1 Committee received comments on the proposed changes to 10B-1 Position Reporting of Large Security-Based Swap Positions / Asset-Based Swaps Discussion pertained to the modernizing of the reporting and regulation of the swaps markets.…
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