On 12 April 2021, DEN FSA issued report on errors in use of standard form. DEN FSA issued a report on the use and completion of the new standard form for major shareholding reporting, which was introduced on 8 October 2019, and is subject to mistakes. Overview DEN FSA examined how many major shareholders reported…
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Norway – Gov’t Foreign Shareholders
On 9 April 2021, NOR GVT issued rules for transparency and participation. NOR GVT proposed new rules to increase transparency about foreign owners of shares in Norway, and increased opportunities for foreign shareholders to attend meetings. Background In 2019, around 40% of the share values on the Oslo stock exchange were owned by foreign investors,…
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Germany – BaFin Fine Adler on Voting Rights
On 31 March 2021, GE BaFin fined Adler Real Estate €555k re voting rights. BaFin has fined Adler Real Estate AG 555,000 euros for violating its voting rights rules. Overview BaFin fined Adler Real Estate after the firm failed to issue voting rights notices on time. Adler was sanctioned for violating section 26a(1) of the…
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Mauritius – FSC Foreign Issuer Statements
On 8 April 2021, MAU FSC clarified on audited financial statements. MAU FSC said it will accept audited financial statements prepared in accordance with issuer’s national accounting standards, in compliance with local GAAP, as applicable. Such standards will be accepted for the purpose of listing securities on exchanges licensed by FSC and for their ongoing…
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