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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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…
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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…
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Sweden – FI Fines for Late Major Shareholding Reporting
On 8 June 2020, SWE FI fined Cambridge Global major shareholding reports Cambridge Global Asset Management, CI Investments Inc. fined SEK 25k for failing to report changes in major shareholdings in Byggmax Group AB within the time limit. Sanction issued according to the act on trading in financial instruments (1991:980). Facts An initial notification was…
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Sweden – New Log-in for Major Shareholding Disclosure Reporting
On 10 January 2020, SWE FI announced new login, authorization process. Key Points Reporting itself not affected and should continue to be done in same way as before. Legal persons to specify their news distributor in new solution using specified process. If no social security number or bank ID, must register with e-mail address…
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Thailand – SEC Major Shareholder Approval
On 13 November 2019, Thai SEC issued guidelines on submitting requests. Guide to submission of certification form for obtaining approval as a major shareholder. For those who become major shareholders of derivatives business, securities company. Followed notification 54/2562 of 23 July 2019, regarding requests for approval. Accompanied by form 90/91-1/AP25-1, Form 90/91-2/AP25-2, Form 90/91-3/AP25-3.
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