On 8 October 2021, SK FSS focused on types of equity violations committed. SK FSS focused on types of equity disclosure violations being committed recently. Aim to promote proper disclosure, so that investors receive transparent information. Follows SK FSS 30 June 30, 2020 revisions to corporate disclosure standards effective from 6 July 2020, 30 August […]
On 7 October 2021, ISR TASE said ISA approved changes re: open position limit in TASE board of directors August 2015 decision, para 7. e. in chapter 3 in the third part of the rules. Chap 6 in regulations to the third part of the rules; TASE board of directors 18 February 2021 decisions on […]
On 7 October 2021, CRO HANFA said will comply with MiFID II ESMA guidelines. CRO HANFA announced compliance with ESMA guidelines on MiFID II market data. Follows ESMA August 2021 translated guidelines on MiFID II/ MiFIR duties. Overview Board adopted guidelines that contribute to increasing capital market’s transparency. Transparency both in pre- and post trading, […]
On 4 October 2021, UK FCA updated short selling guidance page to update sterling price. FINMAR 2.5.6 sets out details on exchange rate used for converting EUR into GBP for purposes of calculating a significant fall in value (article 23(1)(b) of reg 918/2012). From 1 October 2021, the corresponding sterling price for €0.5 is £0.43. […]
On 1 October 2021, AST ASIC issued rules on securities lending arrangements. AST ASIC issued ASIC corporations (securities lending arrangements) instrument StIn 2021/821 which makes modifications to ASTCA S 608, 609, 671B. In order to grant relief in relation to reporting substantial shareholdings, for certain entities involved in securities lending as part of their financial […]
On 30 September 2021, IRE CB fined Sarasin Funds Management €385,000. IRE CB reprimanded and fined Sarasin Funds Management (Ireland) Limited €385,000 for four admitted breaches of investment funds regulations from May 25-March 2, 2018. Appropriate fine of €550,000 reduced by 30% as per the settlement discount scheme. Background Authorized UCITS fund management firm, managed […]