On 9 May 2025, IND RBI said it fined bank INR 10mn over shareholding limits. IND RBI said it fined Jana Small Finance Bank Ltd INR 10mn for fails re shareholding limits. Reason for Penalty Breached Banking regulation act, regarding shareholding limits of paid-up share capital. The bank issued compulsory convertible preference shares (CCPS) that…
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Norway – OSLO Information for Shareholding
On 1 April 2025, NOR OSLO issued example and key legal information. NOR OSLO issued example, key legal information for shareholding in Norwegian public limited companies listed on Euronext Oslo Børs or Euronext Expand Oslo. Overview It is a summary of certain Norwegian legal issues related to shareholding in Norwegian companies listed on Euronext Oslo…
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UN – PRI Schedule 13(D), 13(G) Substantial Shareholding Reporting
On 22 April 2025, UN PRI issued policy briefing re disclosure reporting. UN PRI issued policy briefing, FAQ discussing schedule 13(D) and 13(G) reporting. Provided high-level overview of a specific regulatory provision of US SEC governing filings for investors with substantial shareholding of 5% or more of any class of company’s outstanding stock. Follows February,…
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Japan – FSA Securities Transactions Rules RE: Shareholding
On 11 April 2025, JPN FSA proposed revisions re securities transactions. JPN FSA proposed revising Cabinet office ordinance on definitions under article 2 of the financial instruments and exchange act and on restrictions on securities transactions. Plus, the Ordinance on solicitation to exercise voting rights of listed shares by proxy. Revisions re Article 2 of…
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S Korea – FSS Reporting on Shareholding Status
On 2 April 2025, SK FSS guided on shareholding status data submission. SK FSS provided guidance on the submission of the status of shares owned by controlling shareholders of large unlisted companies with financial year that ended December 2024. Follows SK FSS April 2024 reminded on ownership shareholding data submission. Outline of Guidance The reporting…
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Sweden – FI Stenvalls Tra Aktiebolag Substantial Shareholding Penalty
On 19 March 2025, SWE FI fined Stenvalls Tra Aktiebolag for late notifications. SWE FI imposed penalty of SEK 1,400,000 on Stenvalls Tra Aktiebolag for failing to report substantial shareholding transactions with shares in Genesis IT AB to SWI FI within prescribed time. Fine is per Act 2016:1306 supplementary provisions to EU Market Abuse Regulation.…
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