Swedish FSA Fines Armistice Capital for Late Major Shareholding Disclosure
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Taiwan – Major Shareholding Consultation Issued
On 11 January 2022, TAI FSC proposed amendments re shareholding ratio. TAI FSC proposed amendments to securities and exchange act re major shareholding. Amendments Lower the threshold for the declaration of substantial shareholding, from 10% to 5%. To allow sufficient time to prepare and respond to amendments of relevant supporting laws and regulations, a transition…
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2021 Regulatory Reporting System Annual User Group Meeting
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…
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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.
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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.
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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,…
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