On 7 May 2020, RUS CB announced deadlines for issuers to disclose Q1 information. Issuers must publish text of issuer's report for Q1 2020 no later than 15 June 2020. The list of affiliates for Q1 2020 should be disclosed no later than 25 May 2020. 2019 annual accounting statements to be published by 27…
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COVID-19 Highlights Need for Automation in Shareholding Disclosure
Shareholding disclosure, the requirement to report holdings in publicly traded companies to regulatory agencies, has been a full article
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Ireland – CCPC Merger Notifications
On 7 May 2020, IRE CCPC said simplified notification regime from 2020. IRE CCPC announced Simplified Merger Notification Procedure from 1 July 2020. Simplified merger notification procedure will not replace the current procedure, but will facilitate more efficient review of mergers that do not raise competition concerns. Benefits Simplified procedure will shorten review periods for…
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U.K. – FCA MiFID Position Limits
On 5 May 2020, UK FCA updated position limits for commodity derivative contracts.
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Germany – BaFin Mandatory Electronic Shareholding Disclosures
On 6 May 2020, BaFin issued an update announcing mandatory electronic filing of major holdings will be effective in July 2020. In March 2020, BaFin informed of an upcoming amendment to the regulation on the notification of major shareholdings (Stimmrechtsmitteilungsverordnung – StimmRMV) according which the electronic submission will be the only permitted method of submitting…
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France – GVT Foreign Investment Screening
On 30 April 2020, FR GVT adapted rules on investments during Covid. FR GVT adapted control of foreign investments in France (IEF), during the Covid crisis. Minister of Economy and Finance announced the adaptation of a procedure on 29 April 2020. Foreign Direct Investment First, long-term inclusion of biotechnologies in critical technologies list for IEF control.…
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