On 12 December 2019, EU ESMA issued second annual report on the sanctions imposed by NCAs under the UCITS directive (both on penalties and measures), for the year 2018. Number of NCAs issuing sanctions remains stable at 15, compared to 2016-17 year. Total number of sanctions issued has decreased based on a year on year…
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Portugal – CMVM Updated Brexit Q&As
On 11 December 2019, POR CMVM updated Brexit questions and answers. Updated Q&As re Brexit made available to market entities, non-professional investors. Follows POR CMVM March 2019 published questions and answers on Brexit. Overview 7 new questions were added, reflecting implications of transitional measures to be implemented should the UK choose to leave the EU…
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Japan – FSA Information Disclosures
On 5 December 2019, JPN Kanto updated its web page on corporate information disclosures and have added a link to JPN FSA's web page concerning examples of good practice.
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Austria – GVT Beneficial Owner Register
On 9 December 2019, AUT GVT issued rules on beneficial owners register. AUT GVT published ordinance of federal minister of finance on additional technical possibilities for access to commercial ownership register (WiEReG-EinsichtsV). Content and Legal Basis Per S9, S17 (5) of commercial ownership register act (WiEReG), BGBl I No. 136/2017. On retrieval, by obliged party,…
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India – SEBI Capital, Disclosure Rules
On 6 December 2019, IND SEBI issued fifth amendments to the disclosure regulations. Schedule IV on filing of offer documents with board to be substituted with following. Draft offer documents/letters of offer/offer documents shall be filed by the lead manager(s) with the relevant office of the Board under the jurisdiction of which the registered office…
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E.U. – MIFID Double Volume Cap
On 6 December 2019, EU ESMA issued latest MiFID II DVC data, November 1-October 1 calculations. Number of new breaches is 70: 56 equities for the 8% cap, applicable to all trading venues, and 14 equities for the 4% cap, that applies to individual trading venues. Trading under waivers for new instruments in breach of…
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