In The News

Portugal – CB Qualifying Holdings

On 15 July 2021, POR CB consulted on communication of qualifying holdings. POR CB issued draft notice on communication of information re-qualifying holdings. Overview POR CB issued a draft notice and justification note regarding regulating communication of information relating to acquisition, increases and decreases in qualifying holdings. With this draft notice, POR CB intends to…
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E.U. – EC Net Short Positions Notification

On 15 July 2021, EC issued draft delegated act on notification threshold. EC launched consultation on delegated act on the threshold adjustment for notification of significant net short positions in shares under the Short Selling Regulation (SSR). Follows ESMA May 2021 proposed permanently lower threshold of 0.1%. Overview SSR creates set of harmonized rules increasing…
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Canada – CSE Takeovers By Listed Issuers

On 13 July 2021, CSE issued notice on takeover disclosure requirements. CSE issued guidance, expectations on disclosing certain acquisitions by listed issuers. Exchange reviewed acquisitions of private companies by listed issuers that do not seem to meet fundamental changes criteria, yet significant number of listed securities. Cited CSE Policy 6 distributions, for acquisitions involving issuance…
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