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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U.K. – FCA Shareholding Disclosures
On 23 November 2020, UK FCA issued update email on notifications under DTR5. UK FCA announced change to the way in which investors must submit the standard form for notification of major shareholdings (TR-1 form) under Disclosure Guidance and Transparency Rules Chapter 5 (DTR5); the change will be introduced in Q1 2021. FCA want to…
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Sweden – FI Fines for Late Shareholding Reporting
On 4 November 2020, the Swedish regulator, Finansinspektionen issued a fine for late reporting of transactions in shares. F. Holmström Fastigheter AB shall pay a penalty of SEK 1650,000
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Sweden – FI Fines for Late Shareholding Disclosure
On 27 October 2020, the Swedish regulator, Finansinspektionen fined Paradigm Capital Value LP for late shareholding disclosure. Paradigm Capital Value LP made late notification of its holding of shares and votes in Jetpak Top Holding AB Effective Paradigm Capital Value LP shall pay a penalty of SEK 40,000.
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Sweden – FI Fines for Late Shareholding Disclosure
On 16 October 2020, the Swedish regulator, Finansinspektionen fined Ruane, Cunniff & Goldfarb for late shareholding disclosure reporting. Ruane, Cunniff & Goldfarb L.P. shall pay a penalty of SEK 25,000.
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Germany – BaFin Imposes Fine for Late Shareholding Disclosure
On 12 October 2020, GE BaFin imposed share threshold publishing breach. BaFin announced that on 7 October 2020, it imposed €600,000 fine on Covestro AG. For violation of section 130 paragraph 1 of the Administrative Offenses Act (OWiG) together with section 40, paragraph 1, clause 2 of the Securities Trading Act (WpHG). Imposed due to…
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