On 12 July 2022, FR AMF issued fines for failure to report holdings during takeover. FR AMF enforcement committee decided to impose fines against Mr. Christian Burrus, AFI ESCA, AFI ESCA Holding, AFI ESCA IARD, AFI ESCA Luxembourg, Dôm Finance. Investigation Findings Presumption of concertation: AFI ESCA Holding, AFI ESCA, AFI ESCA Luxembourg, AFI ESCA…
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Sweden – SBA Tambur Digital Portal Takeover
On 7 July 2022, SWE SBA reported banks purchase Tambur digital portal. SWE SBA reported a consortium of banks is to buy Tambur from current owner UC AB. Tambur is a digital portal that simplifies, streamlines the process of home purchases, gathering information needed for brokers and banks to carry out quicker transactions. Key Points…
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India – RBI Foreign Portfolio Investors Relaxation in Debt
On 7 July 2022, IND RBI relaxed investment by foreign portfolio investors in debt. Allowed FPIs to invest government securities and corporate bonds from 8 July to 31 October 2022 without the cap of 30% on their total investments, until maturity or sale. Allowed FPIs to invest in commercial papers and non-convertible debentures with an…
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India – RBI Takeover / Acquisition of Non-Bank PSO
On 4 July 2022, IND RBI issued requirements on sale of payment system. IND RBI issued requirements on takeover / acquisition of non-bank payment system operators (PSOs) and sale/transfer of payment system activity of non-bank PSO. Follows master directions on prepaid payment instruments (PPIs) dated 27 August 2021. Also follows guidelines on payment aggregators and…
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India – SEBI Imposes Fine for Substantial Shareholding
On 21 June 2022, SEBI imposed a monetary penalty on Tamarind Capital Pte Ltd under the provisions of section 15H(ii) of the SEBI Act for its violations of the provisions of Regulation 3(1) of the Substantial Acquisition of Shares and Takeovers Regulations. Tamarind Capital acting in concert with Jasmine Capital Investment acquired voting rights by…
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France – AMF ICData, Short Selling Data
On 1 July 2020, FR AMF reported on data strategy and data on short selling. FR AMF updated its data strategy with the public release of data on short selling. Background In December 2020, FR AMF created a new department in charge of data and supervision to make greater use of data to better analyze…
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