On 28 October 2021, the Swedish regulator, Finansinspektionen fined Intergiro Intl AB (publ) SEK 8 million for belatedly notifying transactions with shares in Quickbit eu AB (publ).
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India – SEBI Capital Disclosure Rules 2021
On 26 October 2021, IND SEBI notified on publication of the SEBI (issue of capital and disclosure requirements) (fourth amendment) regulations, 2021 in the official gazette. Substituted regulation 6, that the net worth of the superior rights (SR) shareholder, as determined by a registered valuer, shall not be more than rupees one thousand crore. While…
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Short Selling the U.K. Market
As reported in HedgeWeek on 27 October 2021, Man GLG, Marshall Wace and BlackRock hold the largest amount of short selling positions against UK-listed issuers. Each firm holding more than 20 individual short selling positions in the UK.
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U.K. FCA Net Short Selling Reporting
On 27 October 2021, UK FCA updated information on UK sovereign debt thresholds.
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Finland – FSA MiFID Market Data Guidelines
On 25 October 2o21, FINFSA issued rules to comply with ESMA guidance. FINFSA regulations/guidelines dated 12 October 2021 on market information obligations. Follows ESMA August 2021 translated guidelines on MiFID II/MiFIR duties. FINFSA recommends that relevant entities comply with ESMA's guidelines. ESMA's guidelines are addressed to trading entities under the control of the national competent…
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Japan – Trust Voting Rights Proposals
On 21 October 2021, JPN Trust published reform proposals on voting rights. JPN Trust published proposals made regarding regulatory and administrative reforms. Follows JPN GVT 13 August 2021 invitation to the public to make reform suggestions. Proposals Include review of rules on holding voting rights re trust accounts within the antimonopoly act; relaxation of procedures…
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