On 1July 2021, DEN CRG issued guidance on investment screening rules. DEN CRG announced new rules on investment screening entered into force on 1 July 2021. For screening of foreign direct investments and special economic agreements in DEN. Foreign investors must therefore in some cases apply for permit for/notify investments and agreements with Danish companies/entities…
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Italy – Extends FDI Controls to 31 December 2021
On 30 June 2021, aosphere LLP's Rulefinder reported that Italy has extended its FDI controls until 31 December 2021. FDI controls were due to expire on 30 June 2021.
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Sweden – FI Fines for Late Short Selling Reporting
On 28 June 2021, SWE FI fined Squarepoint SEK 2mn for late short selling reporting. Squarepoint Ops LLC receives a fee for late short registration in 20 different issuers. Its short net positions in shares in 20 different issuers on 138 occasions reached or fell below relevant thresholds for reporting; for which it must pay…
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France – AMF Fines for Late Takeover Reporting
On 17 June 2021, the Enforcement Committee fined Consellior SAS €80,000 for filing late reporting of its disposals of Baccarat shares and for a late declaration of a change in intention regarding the tender of its shares to the ongoing bid. Baccarat was the target of a public takeover bid at the time. Consellior SAS…
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Russia – CB Investment Platform Disclosure
On 24 June 2021, RUS CB issued information letter on investment platforms. RUS CB issued letter IN-015-34/42 which addresses investment platforms and carrying out disclose requirements as required by law 259-F3, the Investment Platforms Law. Clarifications When disclosing information required in clauses 1-4, 6, 7, of Article 15, RUS CB recommends that disclosures occur within…
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Rulefinder Reports Short Selling Ban
On 28 June 2021, aosphere LLP's Rulefinder solution reported a temporary short selling ban effective 29 June.
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