On 23 April 2021, UKRN SEC discussed changes to fund disclosure. UKRN SEC took part in webinar Changes in the preparation, submission and disclosure by AMC and CII held by Ukrainian Investment Business Association on 23 April 2021. Specialists spoke in detail about significant changes in asset management companies (AMC) reporting and mutual investment institutions…
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Germany – BaFin Fines for Late Voting Rights Disclosure
On 27 January 2021, GE BaFin fined CPI €685k for voting rights disclosures. BaFin announced CPI Property Group SA €685,000 fine, imposed Jan. 19, 2021. Violated sec. 26a (1) sentence 1, German Securities Trading Act (WpHG) old version. Company did not publish the total number of voting rights within the required time.
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Brazil – CVM Failure to Disclose Stock Sale
On 1 December 2020, BRZ CVM imposed fine for failure to disclose stock sale. BRZ CVM found Jonas Spritzer Amar Jaimovick and Spritzer Consultoria Empresarial Eireli (SCEE) violated of art. 12, paragraph 1, 4 of CVM Instruction 358/021. Respondents failed to inform Ideiasnet SA of the sale of shares in the company. Violative Conduct Ideiasnet…
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Sweden Fines for Late Disclosure of Transactions
On 20 August 2020, the Swedish regulator, Finansinspektionen fined Humea AB SEK 93,700 for late transaction reporting of shares in Enzymatica AB.
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Sweden FI Fines for Late Short Selling Reporting
On 14 August 2020, Rye Bay Capital LLP was fined SEK 10,000 for having notified the Swedish Financial Supervisory Authority late that a short net position in shares in Peab AB fell below a relevant disclosure threshold.
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U.S. – Form 13F Fund Manager Reports
On 31 July 2020, SEC published proposal in federal register, comment by 29 September 2020. Background On 10 July 2020, SEC proposed amendments to update form 13F for institutional investment managers. Amend reporting threshold to reflect equities markets, not been adjusted for 40 years. Form Use and Background SEA Rule 13(f) requires a manager to…
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