On 14 October 2020, UK FCA fined ARCM £873k over short selling disclosures. UK FCA fined Asia Research and Capital Management Ltd (ARCM) transparency failures This is the first FCA enforcement action, for breaches of short selling disclosure rules. Breaches The firm failed to notify the FCA and disclose to the public its net short […]
On 15 October 2020, the Swedish regulator, Finansinspektionen fined Albrektsund Förvaltningsaktiebolag for late takeover notification. Albrektsund Förvaltningsaktiebolag shall pay a penalty of SEK 200,000.
On 12 October 2020, SWE FI issued improved reporting Q&A information. SWE FI announced it had issued more easily accessible company reporting questions and answers on its website, improved structure to make information more transparent. Report page now has banking, insurance, markets, money laundering Q&A sections. FI regularly publishes new questions and answers to clarify […]
On 12 October 2020, FR GVT issued update on entry into force of EU regulation. DG Trésor issued an update on the entry into force of the regulation establishing a framework for screening of foreign direct investments (FDIs) in the European Union. Followed March 2019, EC regulation on screening foreign direct investment. Followed December 2019, […]
On 12 October 2020, GE BaFin imposed share threshold publishing breach. BaFin announced that on 7 October 2020, it imposed €600,000 fine on Covestro AG. For violation of section 130 paragraph 1 of the Administrative Offenses Act (OWiG) together with section 40, paragraph 1, clause 2 of the Securities Trading Act (WpHG). Imposed due to […]
On 9 October 2020, EBA issued compliance table regarding joint guidelines on prudential assessment of takeovers/acquisitions and increases of qualifying holdings in the financial sector.