On 20 June 2022, GE BaFin fined CEWE Stiftung & Co. €600,000 for breach. Ge BaFin announced CEWE Stiftung and Co. €600,000 fine, imposed on 1 June 2022. Company did not publish the total number of voting rights within the required time. Breached section 41(2) in conjunction with section 1 of German securities trading act.…
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About: Anna Monteiro
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Russia – CB Securities Market Disclosures
On 14 June 2022, RUS CB issued guide on securities market disclosures. RUS CB issued guide on restricting disclosure of information on the securities market on temporary decisions allowing participants to choose disclosed information. RUS CB Recommendations RUS CB recommended that investors carrying out transactions with securities account for the fact that information disclosure by…
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UAE – AbuDExc Substantial Shareholding Limit Changes
On 17 June 2022, AbuDExc issued rules on Abu Dhabi National Hotel shares. AbuDExc detailed changes on the substantial shareholding limit for non-UAE nationals for Abu Dhabi National Hotels PJSC shares, that comes into full effect from 20 June 2022. From that date there is no maximum limit for non-UAE nationals, whether natural or legal…
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