On 23 October 2020, UKP started common frameworks inquiry on post-Brexit. UKP house of Lords Common Frameworks scrutiny committee, launched an inquiry on post-Brexit common frameworks program, inviting evidence from interested parties. Background UK’s exit from EU will result in a number of powers that are currently held by the EU being returned to the […]
On 22 October 2020, RUS CB issued draft amendments regarding mutual funds. RUS CB issued draft directive making amendments to rules re trust management of a mutual investment fund, investment units intended exclusively for qualified investors. Proposals Shareholders of mutual investment funds, upon redemption of shares, can receive not only money, but also other property […]
On 19 October 2020, the Swedish regulator, Finansinspektionen fined Suvretta Capital Management LLC for late short selling notification. Suvretta Capital Management LLC shall pay a special fee of SEK 25,000.
On 16 October 2020, the Swedish regulator, Finansinspektionen fined Ruane, Cunniff & Goldfarb for late shareholding disclosure reporting. Ruane, Cunniff & Goldfarb L.P. shall pay a penalty of SEK 25,000.
On 15 October 2020, HK SFC publicly censured So Yuk Kwan takeover breach. HK SFC has publicly censured and imposed a 24-month cold-shoulder order against So Yuk Kwan for breaching the mandatory general offer obligation under takeovers code. They will be denied access to HK securities market, from 15 October 2020 until 14 October 2022. […]
On 12 October 2020, SWI CDBF issued guidance on circular on restructuring. CDBF updated on COPA Circular No 5 on exemptions from the compulsory offer for restructuring purposes, published on 2 September 2020 by Swiss Takeover Board (COPA). Overview Circular entered into force on 1 October 2020 with main objective of clarifying to stock market […]