On 5 October 2020, the Swedish regulator Finansinspektionen fined Cigogne Management late short selling notification. Cigogne Management S.A. shall pay a special fee of SEK 2,500,000.
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Singapore – MAS REIT, Fund Compliance Tools
On 2 October 2020, SIN MAS issued guide to REIT approvals, submissions. To facilitate compliance with MAS approval and reporting requirements and timelines. Compliance toolkits available for licensed fund management companies, registered fund management companies, venture capital fund managers, and REIT managers. Lists applications for approvals, notifications to be submitted, regulatory submissions.
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Taiwan – FSC Expand Asset Management
On 29 September 2020, TAI FSC granted preferential measures to firms. FSC granted preferential treatment to firms under the plan to advance excellence for SITEs and the plan to encourage stronger business ties in Taiwan for offshore funds. Domestic Firms Cathay Securities, Fuh Hwa Securities and Fubon Securities were eligible under the plan to advance…
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EFTASA Net Short Position Threshold
EFTASA renewed decision requiring disclosure of net short positions of 0.1% and over. Followed March 2020, ESMA issued decision on net short position holders. On same day, ESMA renewed decision on holders of net short positions. Threshold Temporarily requires holders of net short positions in shares traded on EEA EFTA states regulated markets to notify…
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Sweden – FI Fines for Inaccuracies in Share Reporting
On 30 September 2020, the Swedish regulator, Finansinspektionen fined Arnäs Management for inaccuracies in their reporting of transactions in shares and warrants in Briox AB and Lithium AB. Arnäs will pay SEK 55,000
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Denmark – FSA UK Investment Firms, Brexit
On 25 September 2020, DEN FSA updated guidance on application form with more FAQs. Included questions on what it means for license to be conditional; and the obligations to which a holder of a license under s33 of Danish Financial Business Act are subject.
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