Category Archives: News

Hong Kong – SFC Position Limit Regime Change

On 21 June  2022, FIA responded to HK SEF consultation on changes to the position limit regime; stressed that data reporting requirements should always be meaningful. Noted the benefits of imposing such requirements should also be proportional to the resources needed to meet them; provided suggestions for consideration by HK SEF. Advised expanding category of…
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France – AMF Major Shareholding Reporting Failure

On 21 June 2022, FR AMF informed injunction issued to Dynamic Treasure. FR AMF ensured compliance with major shareholding reporting obligations via an injunction. Followed 2 October 2020, FR GVT ordinance on commercial code, after PACTE Law. Holdings in SMCP FR AMF obtained a court injunction against the company Dynamic Treasure Group Limited, established in…
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U.S. – SEC Electronic Filing Requirements for 13F

On 23 June 2022, SEC adopted amendments to require certain documents filed by IAs, institutional investment managers, other entities be filed/submitted electronically. Commission published fact sheet; chair Gensler issued remarks, said in a digital age, it is important for filers to have easy online methods to submit information to the SEC. Amendments are effective in…
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France – AMF Updates Short Selling Regulations Webpage

On 21 June 2022, FR AMF published an updated version of their webpage, now titled Short Selling Regulations (VAD) setting out details of the provisions and obligations. It confirms that the provisions under the regulations are for a transparency regime for short selling, as well as strengthened location requirements for securities sold short. In addition…
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Vietnam – SEC Derivative Securities Market

On 17 June 2022, VIE VSD issued update on the contents of decision 61/QD-VSD, specifically regarding regulations on clearing and settlement of derivative transactions. Clearing members are entitled to withdraw escrow assets if certain conditions are met. Such as when the rate of use of escrow assets after withdrawal is below the threshold. As well…
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Germany – BaFin Voting Rights Disclosure Fine

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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