On 14 February 2022, AST GVT, AST FIRB on foreign investment reforms. AST GVT issued exposure draft regulations on foreign acquisitions and takeovers amendment regulations 2022; discussion paper on 2022 foreign investment reforms. The exposure draft regulations are an immediate response to the final report on the evaluation of the 2021 foreign investment reforms which […]
It is widely known that Norway has one of the tightest substantial shareholding disclosure windows among countries. While many countries allow for reporting of substantial shareholding full article
On 10 February 2022, DEN FSA confirmed errors within the Danish translation. DEN FSA received a number of inquiries regarding translation of definition of financial advisers in Article 2, no. 11, letter d, of regulation, citing a poor Danish translation. Follows DEN FSA December 2021 issued Disclosure compliance study. Summary DEN FSA seeks to draw […]
On Feb. 10, SEC proposed to amend beneficial ownership reporting. SEC proposed to amend certain rules that govern beneficial ownership reporting. Modernize filing deadlines for beneficial ownership reports filed on Schedule 13D, 13G. Accelerate the filing deadlines for Schedules 13D beneficial ownership reports from 10 days to five days and require that amendments be filed […]
On 10 February 2022, Europalov updated short selling notification rules. Europalov updated on reg 2022/27 amending reg 236/2012 as regards the adjustment of the relevant threshold for notification of significant short net positions in shares. It announced EEA/EFTA countries’ draft EEA decision was sent to EU on 9 February 2022. Follows EC January 2022 issued […]
On 9 February 2022, SEC proposed to shorten settlement cycle to reduce risks. SEC requests comment on a proposal to reduce risks in clearance and settlement. Would shorten standard settlement cycle for most B/D transactions in securities from two business days after trade date (T+2) to one business day after trade date (T+1). Designed to […]