On 17 August 2021, SIFMA, ICI & DTCC wrote to SEC on progress around the t+1 effort. Nearing end of analysis of work needed to get to T+1, continue industry collaboration. These changes include global settlements, documentation impacts, corporate actions, securities issuance, and impacts on coordination for mutual fund portfolio securities. Significant changes for prime…
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IND SEBI Disclosure Takeover Stakes
On 13 August 2021, IND SEBI issued SEBI (substantial acquisition of shares and takeovers) (second amendment) regulations, 2021, effective from 1 April 2022.
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Rulefinder Reports Temporary Short Selling Ban
On 18 August 2021, Rulefinder reported a temporary short selling ban effective 19 August.
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U.S. – CFTC Fines for Position Limits, Reporting
On 13 August 2021, CFTC fined Tyson Foods for position limit, report violation. CFTC ordered Tyson Foods to pay $1.5mn for position limit, reporting, recordkeeping violations; filed and settled charges for the company exceeding CFTC position limits. Violated commodity exchange act (CEA), 7 USC 6a; CFTC regulation 1.31(b)(3) and (c), 17 CFR 1.31, as well…
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Sweden – FI Fine Late Shareholding Disclosure Reporting
On 11 August 2021, SWE FI fined TVL Gold 1 for late shareholding disclosure reporting. SWE FI fined TVL Gold 1 LLC for late shareholding disclosure in Endomines AB. Background TVL Gold 1 LLC (the company) is related to AA, a person in a leading position in Endomines AB in July 2020, and on 30…
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Sweden – FI Fines for Late Shareholding Disclosure
On 9 August 2021, SWE FI issued penalty fee for late flagging by Nordnet AB. SWE FI ordered Nordnet AB to pay a fee for late flagging in Pricer and Immunicum. SEK 250,000 fee for late shareholding disclosure reporting of votes for shares in Pricer AB exceeding flag limit. And holdings of shares and votes…
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