Portugal – ASF Qualified Holdings Form

On 14 December 2021, POR ASF issued forms for controlling qualifying holdings. POR ASF issued forms for the notification of controlling qualifying holdings in insurance brokers or reinsurance intermediaries in accordance with art 65 of norm 13/2020-R. Forms created for purposes of prior notice of acquisition/increase in qualifying holding. Follows POR ASF April 2021 rules […]

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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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