On 17 June 2020, EU ESMA issued revised guideline with reference ESMA35-36-1946.
Read more
Italy – Issued Report of Securities Shareholding
On 11 Jun 2020, ITA CB issued 2nd update of circular 303 on reporting statistics. Followed May 2020, ECB guidance notes to reporting agents on SHS Reg. Adjusted reporting rules to take into account the recent changes to the ECB guidance. Reporting changes are effective starting from accounting dates of 30 June 2020.
Read more
Mexico – GVT Foreign Investment Registry
On 11 June 2020, MEX GVT issued draft rules on procedures before registry. Draft to amend rules for management of procedures by electronic means before National Foreign Investment Registry of February 2015 to help contain Covid-19 spread. Overview Regulation presented by Directorate General for Foreign Investment on procedures by electronic means before cited registry so…
Read more
E.U. – ESMA Lowers Short Selling Threshold to .1%
On 11 June 2020, EU ESMA renewed decision requiring holders of net short positions, traded on EU regulated market, to notify NCA if position reaches or exceeds 0.1%. While EU financial markets have partially recovered since 16 March 2020, uncertainty around Covid-19 is potentially threatening their future development and stability. The measure applies from 17…
Read more
Hong Kong – SFC Changes to Code On REITs
On 9 June 2020, HK SFC proposed changes to the code on REITs. Amend code on REITs to provide HK REITs with more flexibility in making investments. Proposed Changes Allows REITs to make investments in minority-owned properties and in property development projects in excess of the existing limit of 10% of gross asset value (GAV).…
Read more
Sweden – FI Fines for Late Major Shareholding Reporting
On 8 June 2020, SWE FI fined Cambridge Global major shareholding reports Cambridge Global Asset Management, CI Investments Inc. fined SEK 25k for failing to report changes in major shareholdings in Byggmax Group AB within the time limit. Sanction issued according to the act on trading in financial instruments (1991:980). Facts An initial notification was…
Read more