On 30 April 2020, FR GVT adapted rules on investments during Covid. FR GVT adapted control of foreign investments in France (IEF), during the Covid crisis. Minister of Economy and Finance announced the adaptation of a procedure on 29 April 2020. Foreign Direct Investment First, long-term inclusion of biotechnologies in critical technologies list for IEF control. […]
On 28 January 2020, SWE FI fined Vulcan for late disclosure of holdings. Vulcan Value Partners LLC fined penalty of SEK 340,000, for late reporting of holdings. That holding of shares in the company Concentric AB, had fallen below a flagging limit. Key Facts On 26 September 2017, Vulcan reduced shareholding in Concentric, to under […]
On 21 January 2020, SK FSC stated the amended 5% rule would take effect 1 February 2020. The changes to the rule are in line with SK FSC’s 5 September 2019 proposal. Background Shareholding Reports Under the 5% rule, a person who holds 5% or more of the equity securities of a listed company or […]
On 17 January 2020, SIN MAS issued fine for failure to disclose shareholdings. Imposed $200,000 civil penalty on Mr Lim Soon Fang for not disclosing changes in, and providing false information re. shareholding in Asia-Pacific Strategic Investments. This is the first civil penalty action by MAS for breaches of shareholding disclosure requirements since the civil […]
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 […]
On 24 December 2019, TAI FSC amended rules for reporting of issued shares. TAI FSC amended notice for reporting of issued voting shares in the financial holding companies act, and notice for reporting of issued voting shares in the banking act. Amendments Relevant substantive beneficiaries or ultimate controllers to be added to declaration. Legal person […]