On 25 March 2021, IND SEBI clarified on transfer of shareholding, ownership. IND SEBI clarified circular CIR/MIRSD/14/2011 re transfer of shareholdings among immediate relatives, transmission of shareholdings, and effect on change in control. Control Clarified transmission of shareholding in case of unlisted body corporate intermediary, proprietary firm-type intermediary, as well as partnership firm-type intermediary. Incoming […]
On 22 March 2021, UK FCA issued Disclosure Guidance and Transparency Rules Chapter 5 (DTR 5) user guide, v2.0 on submitting notification if reportable threshold is crossed. The user guide covers how to register to use the electronic submission system (ESS). How to register and to submit a major shareholdings notification under DTR 5. Uploading […]
On 23 March 2021, NORFSA reported on Norwegian stock market mapping. Report on Norwegian short selling activity stock market development trends 2019-20. To help prevent market abuse, aid intervention in serious threat to financial stability. Provides short positions data insights from register at aggregate level, includes below 0.5%; these are large proportion of total reported […]
On 23 March 2021, PHI SEC proposed cross-shareholding structure. SEC proposed circular on cross-shareholding structure for publicly-listed companies. Cross-Shareholding A subsidiary is prohibited from acquiring the shares of its parent company, except for shares without voting rights, which shall not exceed 10% of that class of shares. If this 10% limit is currently exceeded, the […]
On 19 March 2021, ESMA clarified application of commodity position limits. ESMA policy statement clarified application of position limits pending MiFID II change. Follows EP and EU CNCL Dec. 2021 Dir 2021/338 amending MIFID II. Overview Statement aimed to clarify application of position limits, coordinate supervisory actions of national competent authorities (NCAs), pending legislative change […]
On 17 March 2021, DEN FSA reported net short position holders decision end. DEN FSA noted ESMA’s temporary decision on the threshold for notifying short positions expires 19 March 2021, as GDP forecasts show some optimism for recovery. Follows ESMA March 2021 ended decision on holders of net short positions. Net Short Position Threshold Decision […]