On 3 May 2022, Senate bill to require certain disclosures by foreign execs. Senate introduced bill SB 4172, entitled the Holding Foreign Insiders Accountable Act. Legislation amends SEA to address disclosures by executives of foreign private issuers. Background Currently, executives of US publicly-traded companies must disclose any trades they make of their own company’s stocks […]
On 6 May 2022, VIE SEC asked firms to comply with disclosure obligations. VIE SEC required public companies, securities companies, investment management companies to comply with the obligation to disclose information on the stock market. Disclosure Rules Including decree 155/2020/ND-CP on the implementation of the Law on securities. As well as circular 96/2020/TT-BTC on disclosure […]
On 12 April 2022, SWI FINMA announced market manipulation by company. SWI FINMA concluded proceedings against Blackstone Resources AG and one of its bodies for violating market conduct rules as it engaged in market manipulation. SWI FINMA identified market manipulation and disclosure requirements breaches. Overview As part of enforcement proceedings found Blackstone Resources, one of […]
On 13 March 2022, UKRN SEC relaxed securities issuer disclosure reporting. UKRN SEC issued decision 161 to ensure operation of the capital market in wartime. Summary For the period of martial law, securities issuers will not be obliged to disclose regulated information within the usual time limits established by applicable law and regulations. Annual regular […]
On 7 March 2022, AST ASIC confirmed the firm had breached disclosure laws. AST ASIC confirmed Rio Tinto Limited had been found by AST Court to have breached the continuous disclosure law requirements as set out in the Corporations Act 2001. Follows AST ASIC March 2018 action vs. Rio Tinto, and ex-CEO, CFO. Background In […]
On 15 February 2022, POL FSA announced final decision on fine re GetBack. POL FSA confirmed that on 11 February 2022, it issued a final decision, upholding decision of 16 December 2020 on imposition of fine on the former member of board of GetBack SA. Follows POL FSA September 2021 reported on fines for former […]