The Federal Council of Switzerland has issued a Consultation which proposes to increase the initial reporting threshold for substantial shareholding from 3% to 5%. Comments must be submitted by 11 October 2024 Send comments electronically (a Word version in addition to a PDF version) to email address: vernehmlassungen@sif.admin.ch Full press release can be found here.
On 30 September, the SFC issued its September Takeover Bulletin. Highlights: Time to register in the Electronic Submission System (ESS) Quarterly activity on Takeovers
On 25 September 2024, SK FSS published Integrated short selling guideline. SK FSS formulated the Integrated short selling guideline to enable investors to verify the illegality of short selling and launched the customized investor support system. Follows SK FSC, FSS June 2024 launched short sale reform measures. Overview of Integrated Guideline The balance available for […]
On 30 September 2024, the SEC’s new reporting regime for SEC Schedule 13G becomes effective. Filings Deadlines: QIIs & Exempt Investors: 45 days after calendar quarter in which substantial shareholding exceeds 5%. Passive Investors: Within 5 business days after acquiring substantial shareholding of more than 5% [Rule 13d-1(c)]. Amendments: All 13G Filers: Within 5 business […]
Sweden Fines for Late Substantial Shareholding in Bonds
Turkey Fines for Failure to Recognize Short Selling Ban