On 14 December 2022, POR CMVM issued summary of decisions of meeting of Dec 5 and 7. Board approved and authorized publication of Final Report of public consultation on AI. Analyzed Quarterly Short Selling Supervision Report for period from Aug-Oct 2022. Re suitability of members of governing bodies and entities subject to supervision, approved sending […]
On 22 December 2022, GE BaFin issued on significant voting rights notification. GE BaFin issued details on mandatory notification re significant voting rights’ changes. Mandatory Notification Natural, legal persons must notify the amount of voting rights in listed companies. As soon as they reach, exceed or fall below one of the threshold values through the […]
On 21 December 2022, SK FSC protected investor rights in M&A share transfers. SK FSC held seminar on measures to protect general investors in case of change in management rights by stock transfer; introduced mandatory tender offer system. This system obligates a company to acquire a certain percentage of stocks through a tender offer when […]
On 19 December 2022, IND SEBI issued the master circular for foreign portfolio investors, depository participants, foreign investors, to supersede the operational guidelines (OG) issued 5 November 2019 above/incorporate changes to those OGs into new master circular. Circulars notifying changes to the 2019 OGs which have now been incorporated into new master circular are listed […]
On 16 December 2022 SWE FI imposed a SEK400,000 penalty for late flagging. SWE FI decided Prior & Nilsson Fond- och Kapitalforvaltning Aktiebola (company) must pay SEK400,000 penalty fee for breach of the obligation to notify SWE FI in due time that its holding of shares and votes in Besqab AB (publ) exceeded a flagging […]
On 21 December 2022, Rulefinder identified temporary short selling bans in two countries. Temporary short selling bans are in effect for 22 December 2022.