On 24 April 2026, GE BaFin ordered UniCredit to cease its takeover adverts. GE BaFin had ordered UniCredit SpA to refrain from its inappropriate advertising in connection with the takeover process of Commerzbank AG, containing sensationalist and inaccurate statements about the current financial situation of Commerzbank AG. Order Summary With the order, GE BaFin exercised…
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About: Anna Monteiro
Recent Posts by Anna Monteiro
4 May 2026 – U.S. SEC Fines Company for Inaccurate Schedule13D
4 May 2026 – U.S. SEC Fines for Late Beneficial Ownership Disclosure
4 May 2026 – U.S. SEC Fines Musk and Revocable Trust for Failure to Report Major Shareholding
U.K. – FCA Confirms New Short Selling Regime
On 24 April 2026, UK FCA issued Handbook Notice 140 which also contains the Short Selling Rules Sourcebook Instrument 2026 (FCA 2026/16), first issued 16 April 2026. Background: From 13 July 2026, existing exemptions for market making in UK sovereign debt will no longer apply, but FCA's emergency powers will continue to cover these instruments.…
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Pakistan – SEC Transparency Disclosure Enforcement
On 21 April 2026, PAK SEC directed firms re ultimate beneficial ownership information. PAK SEC directed companies to ensure the timely submission of Ultimate Beneficial Ownership (UBO) information through Form-19 on its eZfile portal. Disclosure of UBO information ensures corporate transparency, prevents misuse of corporate structures, and combats money laundering and illicit financial flows. Follows…
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