22 May 2023 – Australia ASIC Fines for Naked Short Selling
Australia ASIC Fines for Naked Short Selling
Netherlands – AFM Fines for Late Substantial Shareholding Disclosure
On 11 May 2023, the Netherlands Authority for the Financial Markets (AFM) imposed a fine on Lars Windhorst for failure to report substantial shareholding. Windhorst’s substantial shareholding was more than 93% in Fyber N.V., a company listed on the German stock exchange. the AFM fine Windhorst €500,000 for this substantial shareholding reporting failure.
Sweden – FI Fines for Late Shareholding Disclosure
On 16 May 2023, SWE FI fined SBB for late flagging and missing flags. SWE FI imposed two fines on real estate investment firm Samhällsbyggnadsbolaget i Norden AB (SBB) in relation to late flagging and for missing notification information. Both penalties were imposed under the Financial Instruments Trading Act (1991:980) Late Flagging Fined SEK 750,000 […]
18 May 2023 – Kuwait CMA Fines for Failure to Notify Change of Ownership
Kuwait CMA Fines for Failure to Notify Change of Ownership
Norway – FSA Fines 6 Investors for Short Selling
On 15 May 2023, NORFSA fined six investors for short selling rule breaches. NORFSA issued violation fees to six investors for uncovered short selling in Flyr issue. Breaches related to awarding of shares in private placement in Flyr AS in November 2022. Administrative Fines NORFSA issued fines between NOK 50,000 and NOK 5,000,000 for breaches […]
Czechia – CB Qualifying Holding Acquisition
On 12 May 2023, CZC CB consulted on draft methodology for assessment. CZC CB opened a public consultation in relation to the draft methodology for assessing qualifying holdings of certain entities which are subject to CZC CB supervision. Purpose Acquisition and increase of a qualified shareholding in certain entities subject to CZC CB supervision is […]