On 10 February 2022, DEN FSA confirmed errors within the Danish translation. DEN FSA received a number of inquiries regarding translation of definition of financial advisers in Article 2, no. 11, letter d, of regulation, citing a poor Danish translation. Follows DEN FSA December 2021 issued Disclosure compliance study. Summary DEN FSA seeks to draw […]
On 30 December 2021, HK SFC fined company, director HKD 20k for offenses. HK SFC stated Wai Chun Holdings Group Ltd and director convicted of disclosure of interests offenses following guilty pleas relating to failure to make timely disclosures. Offenses concern acquisition of interests in Chinese Strategic on five occasions in 2017, which is contravention […]
On 16 November 2021, CHI NEEQ investigated Gangbao disclosure violation. CHI NEEQ investigated a disclosure violation by Gangbao, an innovation tier company. Violation Nanjing Iron and Steel Company, the controlling shareholder of Gangbao, had disclosed its plans to carve out Gangbao’s shares for listing on Beijing Stock exchange. Gangbao failed to disclose this on the […]
On 8 October 2021, SK FSS focused on types of equity violations committed. SK FSS focused on types of equity disclosure violations being committed recently. Aim to promote proper disclosure, so that investors receive transparent information. Follows SK FSS 30 June 30, 2020 revisions to corporate disclosure standards effective from 6 July 2020, 30 August […]
On 30 September 2021, IRE CB fined Sarasin Funds Management €385,000. IRE CB reprimanded and fined Sarasin Funds Management (Ireland) Limited €385,000 for four admitted breaches of investment funds regulations from May 25-March 2, 2018. Appropriate fine of €550,000 reduced by 30% as per the settlement discount scheme. Background Authorized UCITS fund management firm, managed […]
On 31 August 2021, SK FTC made amendments to regulations on public disclosure of important matters of companies belonging to corporate groups subject to disclosure. To enhance convenience for users by increasing specificity of disclosed information by adding transaction status by industry, quarterly transaction amount, for some items. Add disclosure of details of internal transactions […]