On 7 November 2023, SEC published final rules in federal register, effective 5 February 2024. Background: Amendments shortened deadlines for initial and amended major shareholding reports: Schedule 13D, 13G filings. Clarified Schedule 13D disclosure requirements with respect to derivatives securities. Required 13D, 13G filings be made using structured, machine-readable data language. The adopting release provided…
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U.S. – SEC Adopts Changes to Major Shareholding Reporting
On 10 October 2023, the SEC issued confirmation that it is adopting amendments to the rules governing major shareholding reporting that had been proposed. The key changes from these amendments are: (a) reduction in the deadlines for disclosures of 13D and 13G Reports; (b) disclosure of cash settled securities; (c) clarification on the criteria for…
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26 May 2023 – Australia ASIC Fines for Failure to Report Major Shareholding
Australia ASIC Fines for Failure to Report Major Shareholding
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Norway – DNO Issues Substantial Shareholding Disclosure
On 2 February 2023, DNO ASA, the Norwegian oil and gas operator, issued a substantial shareholding disclosure. DNO ASA passed the 5% threshold for disclosure of major shareholdings in its own shares. this is part of the Company’s ongoing share buyback program According to the major shareholding disclosure, the Company holds a total of 52,719,531…
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Fines for Global Shareholding Disclosure Failures Rise 77%
On 27 January 2023, Solutions Atlantic released its Global Shareholding Sanctions Year in Review findings. Through an examination of sanctions data from 27 countries here are the key takeaways: India, Germany, Sweden and the USA issued the most global shareholding disclosure fines. Major shareholding reporting failures make up the bulk of the sanctions. Year-over-year the…
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6 September 2022 – U.S. SEC Fines for Failure to Report Schedule 13D
U.S. SEC Fines for Failure to Report Schedule 13D - Major Shareholding Disclosure
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