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
France – AMF Major Shareholding Reporting Failure
On 21 June 2022, FR AMF informed injunction issued to Dynamic Treasure. FR AMF ensured compliance with major shareholding reporting obligations via an injunction. Followed 2 October 2020, FR GVT ordinance on commercial code, after PACTE Law. Holdings in SMCP FR AMF obtained a court injunction against the company Dynamic Treasure Group Limited, established in […]
21 June 2022 – France AMF Fines for Major Shareholding Reporting Failure
France AMF Fines for Late Major Shareholding Disclosure
E.U. – ESMA Updates Major Shareholdings Section in TD Guide
On 15 June 2022, EU ESMA issued an updated version of its practical guide to the national rules on notifications of major shareholdings under the Transparency Directive. New version of practical guide incorporates changes to information relating to Iceland.
26 January 2022: Sweden FSA Fines Armistice Capital for Late Major Shareholding Disclosure
Swedish FSA Fines Armistice Capital for Late Major Shareholding Disclosure
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 […]