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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Japan – SESC Fine on Missing Disclosure
On 17 July 2020, JPN SESC recommended disclosed fine on Freesia Macross. JPN SESC recommended a ¥12mn fine against Freesia Macross Co., Ltd., for failing to disclose its trades with its board member in its FY3/17 and FY3/18 securities reports. Having not included the relevant information in its consolidated financial statements. Accordingly, the company violated…
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Belgium FSMA Late Transactions Disclosure
On 3 June 2020, BEL FSMA settled with firms for late transactions disclosure. BEL FSA agreed settlement of €55,000 between Sopal International SA and Frabelco SA, and a nominative publication on the FSMA website for late reported transactions. Details Mr Francis Lambilliotte was vice-chairman of the board of directors of Hamon & Cie NV from…
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Sweden – FI Late Substantial Shareholding Disclosure Fine
On 1 June 2020, SWE FI issued fines to Neongelb, Kringesche re notification. SWE FI fined Neongelb Invest and Kringesche Vermögensverwaltungs GmbH for late disclosure of Stillfront Group shares' acquisition, each fine amounts to SEK 2,400,000. Factual Basis Neongelb Invest GmbH (HRB 147961) and Kringesche (HRB 147903) both must pay a fine for late reporting…
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