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 […]
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 […]
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 […]
On 12 July 2021, FR CMP approved Aéma Group’s takeover of Aviva France. FR AMF gave the Aéma Group (Macif) the green light for the takeover of Aviva France. Background The Aéma Group and Aviva France are two French operators in the insurance sector. Particularly active in the non-life, personal, savings and asset management markets. […]
On 15 July 2021, Rulefinder reported a temporary short selling ban effective 16 July 2021.
On 9 July 2021, the HM Treasury issued a consultation on its wholesale markets review, this included specific proposals to reform the MiFID commodity derivatives position limits regime. Consultation proposes changes that would limit the scope of position limits to agricultural contracts and physically settled contracts, FCA supports these proposals. FCA states while change being […]