On 15 January 2021, SWE FI issued judgments by Administrative Court following appeals. Administrative court annulled appealed decisions by SWE FI which imposed penalties. Rulings re Brax and Bees Invest referred cases back to SWE FI for renewed processing.
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U.K. – Parliament National Security, Investment Bill
On 15 January 2021, UKP announced bill's report stage, third reading due 20 January 2021. UKP also published notices of amendments as at Jan. 14 and Jan. 15, 2021.
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Italy – Consob Substantial Shareholdings Reporting Threshold
On 14 January 2021, ITA Consob extended validity of measures until 13 April 2021. ITA Consob extended enhanced transparency regime on changes in substantial shareholdings, declaration of investment objectives for further 3 months until 13 April 2021. Follows ITA Consob April 2020 issued enhanced transparency obligations. Overview Transitional regime of enhanced transparency re changes in…
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S Korea – FSC Rules on Illegal Short Selling
On 13 January 2021, SK FSC gave notice of amendments to enforcement decree of the financial investment services and capital markets act; notice period 13 January to 2 February. Restrictions on participation by short selling persons during period of capital increase. Anyone who signs a transaction contract for future borrowing and short sale must keep…
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E.U. – ESMA Agreed MiFID II Position Limits
On 13 January 2021, ESMA issued MiFID II commodity derivatives opinions. ESMA issued opinions on position limits for commodity derivatives under MiFID II, MIFIR, for EEX Phelix DE Power Base and EEX Phelix DE/AT Power Base contracts. Opinions ESMA found that the proposed position limits are consistent with the objectives established in MiFID II and…
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U.K. – FCA Short Selling Reporting Exempt Shares
On 11 January 2021, UK FCA issued UK list of exempted shares with regard to reporting.
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