On 1 March 2024, TAI Trust informed members that TAI FSC encouraged the use of responsible person and major shareholder information inquiry platform of TAI DCC.
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Denmark – Gvt Published Updated Capital Markets Act (Takeover)
On 1 March 2024, DEN GVT published updated version of capital markets act. DEN GVT published an updated version of the Capital Markets Act, building on previous legislation that applies to all of the actors and their behavior on the capital markets. Changes are in LBK 198/2024 of 26 February 2024, building on LBK 42…
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Luxembourg – CB Foreign Direct Investment Survey
On 27 February 2024, LUX CB informed of foreign direct investment survey. LUX CB issued documentation for the foreign direct investment (FDI) 2023 survey. Main Points The FDI survey applies to all resident credit institutions that have direct investment relationships with their investors abroad or their non-resident affiliates or branches. The forms, duly completed and…
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Switzerland – FinMIA Substantial Shareholding Portal Goes Live
On 4 March 2024, the new OLSdigital online platform for investors (and issuers) to submit their substantial shareholding disclosure notifications under FinMIA goes live. Background substantial shareholding disclosures to the Disclosure Office of SER and to the issuer OLSdigital filing platform can be found here
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Poland – FSA Substantial Shareholding / Short Selling Forms
On 1 March 2024, substantial shareholding and short selling forms must be submitted to the Poland FSA in electronic format. Background: August 2023, the FSA alerted the move to electronic forms for substantial shareholding and short selling Links to electronic forms for substantial shareholding and short selling Link to Substantial Shareholding User Manual
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S Korea – FSS May Give Guidance on Short Selling Policies in March
On 27 February 2024, the head of South Korea's FSS says it may give a clearer picture on follow-up policies regarding the short selling ban sometime in March. FSS implemented at total ban on short selling in November 2023 through June 2024. Recently, Korean prosecutors investigating illegal short selling allegations against foreign investment banks raided…
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