On 5 June 2020, AST GVT issued foreign investment reforms. Paper outlines a reform package to Australia’s foreign investment review framework. AST GVT will shortly release exposure draft legislation for consultation on the reforms prior to its introduction into Parliament, and provide further guidance for investors. These reforms include measures to strengthen the existing framework […]
On 3 June 2020, BEL FSMA settled with firms for late transactions disclosure. BEL FSA agreed settlement of €55,000 between Sopal International SA and Frabelco SA, and a nominative publication on the FSMA website for late reported transactions. Details Mr Francis Lambilliotte was vice-chairman of the board of directors of Hamon & Cie NV from […]
On 1 June 2020, SWE FI issued fines to Neongelb, Kringesche re notification. SWE FI fined Neongelb Invest and Kringesche Vermögensverwaltungs GmbH for late disclosure of Stillfront Group shares’ acquisition, each fine amounts to SEK 2,400,000. Factual Basis Neongelb Invest GmbH (HRB 147961) and Kringesche (HRB 147903) both must pay a fine for late reporting […]
On 2 June 2020, AMF issued guidance on short selling and blog on enforcing. AMF issued Ombudsman blog on prohibition of short selling: who should enforce it and on what grounds? and updated guidance on EU regulation on short selling (SSR). Followed February 2020, AMF updated guidance on short selling regulation. Followed March 2020, AMF […]
On 29 May 2020, RUS CB issued notice on ownership of financial firms. RUS CB will provide simpler language about the ownership structure of financial firms. The aim is to help consumers, investors and public to understand the firms’ ownership. Key Points The simpler disclosures apply to insurers, management companies, microfinance firms. RUS CB will […]
On 29 May 2020, ESMA issued FAQ on transparency, market structures. ESMA updated FAQs on MiFID II and MiFIR transparency and market structures topics. Follows ESMA Decemebr 2019 FAQs on transparency and market structures. SSTI and LIS Thresholds Provide clarification on following topics: default liquidity status, SSTI, LIS thresholds of non-equity instruments; publication of transactions in […]