On 16 March 2022, UK FCA issued an updated list of short positions disclosed to them. Background: UK entered transition period on 31 January 2020, which ends at 11pm on 31 December 2020. During the transition period, the EU short selling regulation (regulation (236/2012) (SSR) continues to apply in UK, including the market making exemption.…
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Ukraine – SEC Issuers Disclosure Updates
On 13 March 2022, UKRN SEC relaxed securities issuer disclosure reporting. UKRN SEC issued decision 161 to ensure operation of the capital market in wartime. Summary For the period of martial law, securities issuers will not be obliged to disclose regulated information within the usual time limits established by applicable law and regulations. Annual regular…
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Spain – CNMV Significant Shareholdings, Issuers
On 15 March 2022, ESP CNMV issued draft circular on notification models. ESP CNMV issued a consultation on draft circular on notification models for significant shareholdings, issuer operations on treasury shares, market makers (current cir 8/2015). Follows ESP CNMV November 2021 interpretative criteria for transactions. Follows ESP CNMV May 2020 issued rules for reporting some…
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U.S. – SEC Extends Comment Period for 13F
On 11 March 2022, SEC issued extension of info collection identical to 27 January 2022. Comments on collection due 30 days from publication of extension, by 10 May 2022. Background: SEC issued a notice requesting comments on revisions to Form 13F, for institutional investment managers to file a report with SEC if they exercise investment…
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Luxembourg – New Portal for Major Shareholdings Disclosures
On 4 March 2022, LUX CSSF issued details of launch of new web platform for filing major shareholdings disclosure reports. LUX CSSF issued a communication on the launch of eRIIS, a new web platform for all entities that are subject to the Transparency Law, as well as Market Abuse Regulation. Follows LUX CSSF January 2021…
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India – SEBI Takeover Disclosure Requirements
On 7 March 2022, IND SEBI updated on the system-driven disclosures. IND SEBI updated on automation of disclosure requirements under SEBI (substantial acquisition of shares and takeovers) regulations, 2011- system-driven disclosures. Encumbered Shares To streamline capture and dissemination of the information related to encumbrances and thus bring in more transparency, SEBI has consulted with the…
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