Tag Archives: shareholders

Russia – NFA Lost Shareholders Draft Law

On 1 December 2021, RUS NFA proposed changes to lost shareholders draft law. RUS NFA sent comments on draft law on amendments to law on joint stock companies and art. 8 of federal law on securities market (law on lost shareholders) to RUS ECON. The draft law will resolve issues where shareholders information is not…
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Norway – Gov’t Foreign Shareholders

On 9 April 2021, NOR GVT issued rules for transparency and participation. NOR GVT proposed new rules to increase transparency about foreign owners of shares in Norway, and increased opportunities for foreign shareholders to attend meetings. Background In 2019, around 40% of the share values on the Oslo stock exchange were owned by foreign investors,…
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Russia – CB Shareholder Notification Procedure

On 20 January 2021, RUS CB issued rules on unified form of share notifications. RUS CB issued rules to establish a unified procedure, terms and form of notification on acquisition and disposal of shares and stakes in a number of financial organizations. Procedure Shareholders must send such notifications to financial institutions and RUS CB in…
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Bulgaria – FSC EU Shareholders Directive

On 30 April 2020, BUL FSC adopted EU shareholders rights directive. Consultation on ordinance to amend and supplement ordinance 48 of 20 March 2013 on requirements for remuneration and thereby transpose EU shareholders rights directive. Issued draft regulation and the reasons for it, as well as reference for EU compliance. Proposed amendments regarding management remuneration policy…
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Singapore – SGX Quarterly Reporting, Disclosures

On 9 January 2020, SGX adopts risk-based approach to quarterly reporting. Apply quarterly reporting (QR) requirements only for companies associated with higher risks while strengthening continuous disclosure requirements on all listed companies. Set out expectations on companies’ handling of material information, and established whistleblowing office to address tipoffs, feedback, complaints and short-seller reports. Quarterly Reporting…
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