On 24 September 2021, EU ESMA issued consultation to review short sale rules. ESMA published a consultation on the review of the short selling regulation (SSR). Follows ESMA March 2021 confirmed it will not renew decision that net short positions holders, traded on EU market, must notify NCA if position reaches 0.1%. Follows ESMA May […]
On 24 September 2021, ESMA updated links to net short position disclosure sites. ESMA issued updated document listing links to national websites where procedures for notification of net short positions under short selling regulation (SSR) are explained. This information is provided to assist with SSR requirements to notify competent authorities and to publicly disclose net […]
On 22 September 2021, FR GVT issued order amending rules on foreign investment. FR GVT published order of 10 September 2021 relating to foreign investments in France. Follows FR GVT decree, order on procedures for investments in France. Made following entry in force of EU regulation on screening foreign direct investments. Made further amendments to […]
On 22 September 2021, UK GVT issued correction slip so in article 4(b): …ordinary course of business, course of business, no… should read …ordinary course of business, no… Background On 7 Septemebr 2021, UK GVT issued rules on proposed Chinese takeover of firm. UK GVT issued public interest merger reference (Perpetuus Advanced Materials plc) (pre-emptive […]
On 15 September 2021, LUX CAA reminded firms of shareholding change rules. LUX CAA reminded brokerage firms of requirements to notify of shareholder changes. Overview LUX CAA noted that many insurance and reinsurance brokerage companies have not notified changes of shareholders during their reporting for the 2020 financial year. The circular outlines the terms of […]
On 16 September 2021, SWE FI fined Starbreeze SEK 250,000 for late shareholding disclosure. SWE FI issued SEK 250,000 penalty fee against Starbreeze AB for late notifications, under the Act (2016:1306) and violating EU Market Abuse Regulation (Mar) provisions. Follows SWE FI March 2020, fined Starbreeze AB for late substantial shareholding reporting. Summary Investigation and […]