Users from around the globe “zoomed” in for Solutions Atlantic’s Eighth Annual Regulatory Reporting System User Group meeting. While these meetings have been traditionally in person, this year’s meeting was moved online due to the Covid-19 Omicron variant concerns; although that did not hinder a record number of participants tuning in to get a glimpse…
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Italy – GVT Public Shareholdings Census
On 4 November 2021, ITA GVT issued online forms for data collection for review. Public shareholdings online forms for data collection for periodic review and census. Follows ITA GVT May 2021 launched the annual survey of public holdings. Overview By 31 December 2021, public administrations in art 2, para 1 a) LD 175/2016 Consolidated Law…
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Italy – CB Qualified Shareholding in Banks
On 28 October 2021, ITA CB announced rules on qualified shareholding in banks, IMEL. Update information and documents to be sent to ITA CB by anyone who intends to acquire a qualified stake in intermediary (cited above), implements relevant EU law. In line with guidelines of EU authorities; at the same time simplify legislation. In…
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India – SEBI Capital Disclosure Rules 2021
On 26 October 2021, IND SEBI notified on publication of the SEBI (issue of capital and disclosure requirements) (fourth amendment) regulations, 2021 in the official gazette. Substituted regulation 6, that the net worth of the superior rights (SR) shareholder, as determined by a registered valuer, shall not be more than rupees one thousand crore. While…
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China – BIRC Finalized Measure for Major Shareholder Supervision
On 14 October 2021, CHI CBIRC finalized measures for major shareholder supervision. Requires banking and insurance institutions to strengthen management of equity and related-party transactions by shareholders, to prevent abuse of shareholder rights. Clarifies responsibilities and obligations of major shareholders in risk disposal, information reporting, capital supplementation, and shareholder rights negotiation. Measures take effect immediately.…
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S Korea – FSS Equity Disclosure Violations
On 8 October 2021, SK FSS focused on types of equity violations committed. SK FSS focused on types of equity disclosure violations being committed recently. Aim to promote proper disclosure, so that investors receive transparent information. Follows SK FSS 30 June 30, 2020 revisions to corporate disclosure standards effective from 6 July 2020, 30 August…
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