On 11 August 2021, SWE FI fined TVL Gold 1 for late shareholding disclosure reporting. SWE FI fined TVL Gold 1 LLC for late shareholding disclosure in Endomines AB. Background TVL Gold 1 LLC (the company) is related to AA, a person in a leading position in Endomines AB in July 2020, and on 30…
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Sweden – FI Fines for Late Shareholding Disclosure
On 9 August 2021, SWE FI issued penalty fee for late flagging by Nordnet AB. SWE FI ordered Nordnet AB to pay a fee for late flagging in Pricer and Immunicum. SEK 250,000 fee for late shareholding disclosure reporting of votes for shares in Pricer AB exceeding flag limit. And holdings of shares and votes…
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Greece – HCMC Short Selling Rules
On 8 July 2021, GRE HCMC stressed need to comply with EU regulations. GRE HCMC emphasized the need of market participants to comply with EU regulations on short sales, following GRE HCMC's previous announcement on 22 April 2021. Follows ESMA April 2020 issued positive opinions on ban extensions Summary Market participants must comply with ITS…
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India – SEBI Takeover Disclosure Rules
On 6 August 2021, IND SEBI board said it has decided to do away with certain disclosure obligations for the acquirers/promoters pertaining to acquisition or disposal. This is acquisition or disposal of shares aggregating to 5% and change of 2% after, annual shareholding disclosures and creation/invocation/release of encumbrance registered in depository systems under takeover regulations…
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U.S. – CBOE Increase Options Position Limits
On 5 August 2021, SEC issued notice of CBOE filing of amendment no. 1, and order instituting proceedings on whether to approve proposal, as modified by amendment. Amendment No. 1 reduced proposed position limit for GLD options from 1mn contracts to 500,000 contracts, and provided additional justification in support of the proposal. Comments due 21…
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Rulefinder Reports Temporary Short Selling Ban
On 9 August 2021, Rulefinder reported a temporary short selling ban effective on 10 August 2021.
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