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.
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Sweden – FI Fines for Late Shareholding Disclosure
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.
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HK – SFC Censures for Breach of Takeovers Code
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.…
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Sweden – CDBF Public Takeover Bids
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…
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