On 27 January 2021, the Swedish Financial Supervisory Authority fined RoosGruppen AB a penalty of SEK 500,000 for late shareholding disclosure.
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U.K. – Parliament National Security, Investment Bill
On 22 January 2021, UKP announced Lords 2nd reading of bill scheduled for 4 February 2021.
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Italy – Issued Takeovers Discussion Paper
On 21 January 2021, ITA Consob issued discussion paper on takeover bids. ITA Consob published discussion paper on Takeover Bids in ITA in period 2007-2019. Overview Study is focused on impact of Takeover Bids Directive on the Italian capital market. Analysis of takeover and exchange bids launched in Italy between 2007 and 2019. Brief historical…
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Russia – CB Shareholder Notification Procedure
On 20 January 2021, RUS CB issued rules on unified form of share notifications. RUS CB issued rules to establish a unified procedure, terms and form of notification on acquisition and disposal of shares and stakes in a number of financial organizations. Procedure Shareholders must send such notifications to financial institutions and RUS CB in…
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Italy – CB Qualified Shareholding Process
On 20 January 2021, ITA CB issued draft rules on qualified shareholdings. ITA CB draft new provisions on identification information, documents to be submitted for authorization request re acquisition of qualifying holdings in banks, intermediaries. Falling under art 106 of TUB; electronic money institutions (IMEL); payment entities (IP); investment managers (SGR) and certain investment UCITS…
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India – SEBI Capital, Disclosure Rules
On 19 January 2021, IND SEBI extended the relaxation issued on 6 May 2020, applicable for rights issues up to 31 March 2021 provided the issuer complies with conditions.
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