Austria FMA Fines for Major Shareholding Reporting Failure
Read more
21 March 2024 – India SEBI Fines for Major Shareholding Reporting Failure
India SEBI Fines for Major Shareholding Reporting Failure
Read more
1 March 2024 – U.S. SEC Fines for Major Shareholding Reporting Failure
U.S. SEC Fines for Major Shareholding (SEC 13D) Reporting Failure
Read more
Finland – GVT Takeover Bid Rules and Multilateral-Trading Facilities
On 15 February 2024, FIN PRL issued HE 3/2024 on FIN GVT proposal to amend Securities Markets Act into law affecting provisions on major shareholdings and voting rights. Also affects major shareholdings and voting rights, takeover bids, and obligation to bid, so that they would apply to multilateral trading facilities, not just regulated markets. By…
Read more
Poland – FSA Final Decision Major Shareholding Case
On 5 January 2024, POL FSA issued final decision regarding Michal Kosciuszko. POL FSA published the final decision regarding the Michal Kosciuszko major shareholding disclosure case. Violations On 15 December 2023, POL FSA repealed 13 December 2016 decision imposing PLN800,000 fine on Kosciuszko for infringements re major shareholding in Polskie Jadlo SA in 2011/12. Fine…
Read more
China – CSRC Major Shareholding / Takeover Disclosure Requirements
On 5 January 2024, CHI CSRC proposed interpretation of articles of measures. CHI CSRC drafted proposal for public feedback re interpretation, application of articles 13 and 14 of Measures for the administration of the takeover of listed companies. Interpretation Related to major shareholding disclosure requirements for investors and their concerted actors when their major shareholding…
Read more