Tag Archives: shareholding disclosure

Sweden – FSA Several Firms Fined for Late Shareholding Reporting

On 10 February 2021, FSA published the decision of the Administrative Court to annul the decision of the FSA in a judgment issued 30 November 2020. In their decision, the Administrative Court annulled three personalities issued against 3 three firms: Kringesche Vermögensverwaltungs GmbH, FKL Holding GmbH, and Neongelb Invest GmbH. All three firms had late…
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SA Increases Articles of Association Data to 5 Jurisdictions

On 8 February 2021, Solutions Atlantic announced the addition of 3 jurisdictions to its Articles of Association data feed. The Articles of Association data is offered to clients of the Regulatory Reporting System. In addition to France and Belgium data, clients now have access to Austria, Ireland and Netherlands. The Articles of Association data provides…
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Sweden – FI Fines for Late Disclosures

On 15 January 2021, Sweden's regulator, Finansinspektionen has fined two firms for late shareholding disclosure in Nordic Flanges Group AB. Both Brax Investments and Bees Invest will pay SEK 2,400,000.
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U.K. – FCA Shareholding Disclosures

On 28 December 2020, UK FCA issued updated indicative list of instruments subject to the shareholding notification requirement under FSMA S 89F(1)(b), and according to DTR 5. The list, as of 1 January 2021 includes: transferable securities; options; futures; swaps; forward rate agreements; contracts for differences; any other contracts or agreements with similar economic effects…
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Germany – BaFin Fines for Late Shareholding Reporting

On 23 December 2020, GE BaFin fined Groupama €130k for shareholding disclosure violations. BaFin announced imposition of fine of €130k on Groupama Asset Management. Groupama did not submit voting rights notifications on time, contrary to s 130(1) of the Administrative Offenses Act in conjunction with s 33(1) of Securities Trading Act.
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