On 15 July 2020, CMVN board of directors decided to lift the suspension of trading of Sport Lisboa e Benfica shares - Futebol SAD and other related instruments. The suspension was lifted following the disclosure of relevant information.
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Disclosing in Sweden – Take Note
It’s July, so naturally, things are starting to heat up here in the northeastern part of the US. Taking a look back at the first half of the year,...full article.
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Italy – Consob Shareholding Transparency
On 10 July 2020, ITA Consob published res on extension for transparency reporting. Provisions of resolutions 21326 and 21327 re identification of further communication thresholds for company shareholdings and declarations of intentions in companies. With particularly widespread shareholder structure extended for 3 months from 12 July until 12 October 2020, unless revoked earlier; resolution in…
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U.K. – GVT Beneficial Ownership Register
On 15 July 2020, UK GVT announced beneficial register for territories. Overseas territories to create accessible registers of company beneficial ownership. Minister for the Overseas Territories and Sustainable Development, Baroness Sugg, made a written Ministerial statement in the House of Commons and House of Lords. Welcomed statements by overseas territories of Anguilla, Bermuda, Cayman Islands,…
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ESMA MiFID II Transparency FAQ
On 8 July 2020, EU ESMA issued updated FAQs on MiFID/MiFIR transparency topics. Technical clarifications for performance of mandatory systematic internalizer (SI) test. Systematic internalizer regime, question 4: Level of asset class at which calculation should be performed for derivatives, bonds and structured finance products. Specifies how number of transactions and nominal amount traded of…
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SEC Form 13F Fund Manager Reports
On 10 July 2020, SEC proposed rules on form 13F for fund report of equity. SEC proposed amendments to update form 13F for institutional investment managers. Amend reporting threshold to reflect equities markets, not been adjusted for 40 years. Form Use and Background SEC Rule 13(f) requires a manager to file a report with SEC,…
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