On 24 August 2023, ESP CB fined Bnext Electronic Issuer EDE SL €120,000 for substantial shareholding disclosure failures. Serious infringement for the failure to report, in a timely manner, the acquisition of and reduction in indirect shareholdings Imposed fines on the company and two of its directors: Mr. Juan Antonio Rullán de la Mata (€6,000),…
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Taiwan – FSC to Lower Substantial Shareholding Disclosure Threshold
On 1 August 2023, TAI FSC proposed revisions to lower substantial shareholding disclosure threshold. TAI FSC proposed to amend Regulations governing the declaration on acquisition of shares in accordance with paragraph 1 of article 43-1 of the Securities and exchange act, to comply with the revised Securities and exchange act articles 43-1 and 183. Follows…
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27 July 2023 – Austria FMA Fines for Substantial Shareholding Disclosure Failure
Austria FMA Fines for Substantial Shareholding Disclosure Failure
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Taiwan – FSC Lowers Threshold for Substantial Shareholding
On 21 April 2023, TAI FSC passed the amended securities and exchange act. TAI FSC said that Executive Yuan passed third reading of Securities and Exchange Act. Amendment Revise threshold for substantial shareholding disclosure and announcement to 5%. Raise the lower limit penalties for violations of relevant regulations by securities firms, securities service enterprises and…
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Germany – BaFin Fines Carne Group Late Substantial Shareholding Disclosure
On 22 November 2022, GE BaFin fined Carne Global Fund Managers for breach. GE BaFin fined Carne Global Fund Managers (Luxembourg) SA €382,000 for violations of section 33 (1) sentence 1 (shareholdings reporting) of the German Securities Trading Act (WpHG). The fine was imposed because Carne Global Fund Managers did not submit its voting rights…
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7 November 2022 – Germany BaFin Fines for Late Substantial Shareholding Disclosure
Germany BaFin Fines for Late Substantial Shareholding Disclosure
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