In The News

Poland – FSA Shareholding Disclosure Reporting Failure

On 9 August 2022, POL FSA fined firm's shareholder, Wojciech Babinski. POL FSA published its Jul. 14, 2022 decision to fine Wojciech Babinski PLN 7,130,000 for 13 violations of obligation to notify change after sale of shares in a company. Disclosure Breaches Babinski was the majority shareholder of the company, from its establishment, and during…
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India – SEBI Foreign Portfolio Investors

On 5 August 2022, IND SEBI issued advisory committee terms of reference. IND SEBI created a standing committee for facilitation of FPI investments to provide recommendations, advise on policy matters relating to foreign portfolio investors (FPI). Lists names and positions of committee members, as well as the terms of reference. Terms of Reference To advise…
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Singapore – MAS Shareholding Disclosure FAQs

On 2 August 2022, SIN MAS issued FAQs to disclose interest in listed security. SIN MAS issued revised FAQs on disclosure of interests in listed securities, under SFA. Securities And Futures Act SFA, Part VII (disclosure of interests), imposes obligations. Scope Applies to director or CEO of a listed corporation (except a foreign corporation with…
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