On 29 June 2023, Liechtenstein FMA issued rules amending Securities Regulations. Amends the Securities Regulations 876/2007 on net short selling. Follows EFTA June 2023 confirmed EEA JC decision entered in force. Overview Change impacts Reg 876/2007 S3-9, now on Implementation of Regulation 2022/27. EEA Agreement Annex IX 29f Regulation 2022/27 (on adjustment of relevant threshold…
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Canada – CSA SEDAR+ System for Filing Substantial Shareholding Disclosures
On 29 June 2023, CSA Que with companion regulators announced SEDAR+ will go live 25 July 2023, as scheduled; SEDAR/SEDAR+ inactive on 20 July 11pm ET until go-live. Ontario commission reported SEDAR+ will be available for filing at 7:00am ET, 25 July to accept submissions of substantial shareholding disclosures as well as other filing documents.
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Stepping Closer to a SEC Decision on 13D/G
On 22 June 2023, the SEC’s Investor Advisory Committee (IAC) held a public meeting (13D/G ~3:09 mark) which included a discussion on the proposed amendments Read the full article.
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Norway – GVT Significant Net Short Selling Regulation
On 29 June 2023, NOR GVT issued rules amending Securities Regulations. NOR GVT issued Reg 1156 amending the Securities Regulations 876/2007 on net short selling. Follows EFTA June 2023 confirmed EEA JC decision entered in force. Overview Change impacts Reg 876/2007 S3-9, now on Implementation of Regulation 2022/27. EEA Agreement Annex IX 29f Regulation 2022/27…
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Denmark – GVT Foreign Direct Investments
On 29 June 2023, DEN GVT published orders on foreign direct investments. DEN GVT published Order 958 of 26 June 2023 on procedures for applications for permission for foreign direct investments and special economic agreements. Also notification of foreign direct investments and special economic agreements, etc. Order 959 of 26 June 2023 covers the disclosure…
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India – SEBI Disclosure Rules for Foreign Portfolio Investors
On 28 June 2023, IND SEBI approved the amendment to SEBI (foreign portfolio investors) regulations, 2019, for implementation of proposal on additional disclosures. In March 2023, PML rules threshold requirements for identification of BO were amended and currently stand at 10% for companies and trusts and 15% for partnerships and unincorporated association or body of…
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