On 15 January 2021, Nasdaq OMX announced changes to Swedish takeover rules. On 1 December 2020 Swedish Corporate Governance Board, responsible for said rules, published proposal to make changes to Takeover Rules for regulated markets in SWE. Takeover Rules are incorporated into Issuer Rules by reference in supplement for Nasdaq Stockholm; version to be supplemented […]
On 15 January 2021, Sweden’s regulator, Finansinspektionen has fined two firms for late shareholding disclosure in Nordic Flanges Group AB. Both Brax Investments and Bees Invest will pay SEK 2,400,000.
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.
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.
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 […]
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 […]