On 8 October 2020, the Swedish regulator, Finansinspektionen fined StrateVic Finance Group AB for breach of the obligation to publish shareholding information about an increase in the number of shares and votes in StrateVic Finance Group AB. StrateVic Finance Group AB shall pay a penalty of SEK 200,000.
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Portugal – CMVM Efanor Takeover of Sonae
On 6 October 2020, POR CMVM issued FAQ on Efanor Investment takeover bids. POR CMVM issued FAQ on Efanor takeover bids on Sonae Indústria and Sonae Capital. Overview To clarify to market and general public aspects of takeover bids (independent of each other) of Efanor Investimentos, SGPS SA (Efanor) on totality of shares representing. Share…
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Sweden – FI Fines for Late Short Selling Reporting
On 5 October 2020, the Swedish regulator Finansinspektionen fined Cigogne Management late short selling notification. Cigogne Management S.A. shall pay a special fee of SEK 2,500,000.
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Singapore – MAS REIT, Fund Compliance Tools
On 2 October 2020, SIN MAS issued guide to REIT approvals, submissions. To facilitate compliance with MAS approval and reporting requirements and timelines. Compliance toolkits available for licensed fund management companies, registered fund management companies, venture capital fund managers, and REIT managers. Lists applications for approvals, notifications to be submitted, regulatory submissions.
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Taiwan – FSC Expand Asset Management
On 29 September 2020, TAI FSC granted preferential measures to firms. FSC granted preferential treatment to firms under the plan to advance excellence for SITEs and the plan to encourage stronger business ties in Taiwan for offshore funds. Domestic Firms Cathay Securities, Fuh Hwa Securities and Fubon Securities were eligible under the plan to advance…
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EFTASA Net Short Position Threshold
EFTASA renewed decision requiring disclosure of net short positions of 0.1% and over. Followed March 2020, ESMA issued decision on net short position holders. On same day, ESMA renewed decision on holders of net short positions. Threshold Temporarily requires holders of net short positions in shares traded on EEA EFTA states regulated markets to notify…
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