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…
Read more
Germany – BaFin Issues Fine for Late Shareholding Disclosure
On 20 April 2023, GE BaFin fined Prime Partners for failure to disclose substantial shareholding. GE BaFin fined Prime Partners for violations of German securities trading act (WpHG). Violations Prime Partners failed to submit proper notice of substantial shareholding to BaFin. This breach of shareholding notice is in violation of section 33, sentence 1 of…
Read more
20 April 2023 – Germany BaFin Fines for Failure to Report Substantial Shareholding
BaFin Fines for Failure to Report Substantial Shareholding
Read more
Norway – Gov’t Proposes Changes to Foreign Direct Investment Screening
On 12 April 2023, the Norwegian government submitted a bill proposing amendments to the Norwegian Security Act which regulates the screening of foreign direct investment as it relates to substantial shareholdings.
Read more
17 April 2023 – India SEBI Fines for Failure to Report Substantial Shareholding
SEBI Fines for Failure to Report Substantial Shareholding
Read more
11 April 2023 – Italy CONSOB Fines for Failure to Report Substantial Shareholding
CONSOB Fines for Failure to Report Substantial Shareholding
Read more