Users from around the globe “zoomed” in for Solutions Atlantic’s Eighth Annual Regulatory Reporting System User Group meeting. While these meetings have been traditionally in person, this year’s meeting was moved online due to the Covid-19 Omicron variant concerns; although that did not hinder a record number of participants tuning in to get a glimpse…
Read more
Rulefinder Alerts to New Major Shareholding Form
On 18 October 2021, Rulefinder alerted subscribers to an updated form for reporting major shareholding to the FSA in Iceland.
Read more
E.U. – ESMA Updates Guide to Notifications of Major Shareholding
On 1 September 2021, EU ESMA published an updated version of its practical guide to the national rules on notifications of major shareholdings under the Transparency Directive. New version of the guide incorporates changes to information re Iceland and Italy, while information re the UK was removed following end of Brexit transition period.
Read more
China – CBIRC Major Shareholder Behavior
On 17 June 2021, CHI CBIRC proposed measures for major shareholders. CHI CBIRC proposed trial measures to supervise the behavior of major shareholders of banking and insurance institutions, to improve corporate governance, prevent risks. Major shareholders are those that hold more than 15% of equity in specified banking and insurance institutions, hold the most shares,…
Read more
Denmark – FSA Major Shareholding Disclosure Form
On 12 April 2021, DEN FSA issued report on errors in use of standard form. DEN FSA issued a report on the use and completion of the new standard form for major shareholding reporting, which was introduced on 8 October 2019, and is subject to mistakes. Overview DEN FSA examined how many major shareholders reported…
Read more
Sweden – FI Fines for Late Shareholding Disclosure
On 25 November 2020, SWE FI issued penalty for transparency notification. Issued decision on FAM AB SEK 570,000 penalty fee for late transparency notification. FAM AB failed to report Aktiebolaget SKF (SKF) shares transaction in prescribed time. SWE FI issued penalty according to chapter 5, section 2, section 5 of the Act (2016: 1306), together…
Read more