On 17 July 2023, POL FSA announced Provincial Administrative Court dismissed Daniel Mzyk's complaint against its decision of March 2018. Case was returned to Provincial Administrative Court after the Supreme Administrative Court in Warsaw accepted cassation appeal filed by Daniel Mzyk on 28 July 2022. Fine of PLN 1,000,000 imposed for failing to notify POL…
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Canada – CSA SEDAR+ System for Filing Substantial Shareholding Disclosures
On 29 June 2023, CSA Que with companion regulators announced SEDAR+ will go live 25 July 2023, as scheduled; SEDAR/SEDAR+ inactive on 20 July 11pm ET until go-live. Ontario commission reported SEDAR+ will be available for filing at 7:00am ET, 25 July to accept submissions of substantial shareholding disclosures as well as other filing documents.
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30 June 2023 – Poland KNF Fines 5 for Multiple Substantial Shareholding Reporting Failures
Poland KNF Fines for Substantial Shareholding Disclosure Failures
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Know Before You Go…Investing in Japan
By all reports, investment money is flowing into Japan. With the Nikkei up over 30% this year, it appears that Japan is on the other side of Read the full article.
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Poland – FSA Failure to Notify Substantial Shareholding
On 1 June 2023, POL FSA announced final decision in case re infringements and fines. After assessing requests for re-examination confirmed infringements and seriousness. Revoked section of decision 22 December 2021 re fine of PLN 900,000, issued final decision. Imposed lower fine for breaches in this section, stating that company committed 4 breaches (instead of…
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Canada – CSA Transition to SEDAR+ System Delayed
On 1 June 2023, CSA reported a deferred launch of new SEDAR+ filing system. CSAs now intend to launch SEDAR+ on 25 July 2023, with contingency date in September. Noted process of assuring quality migration of large volumes of data from multiple legacy systems in taking longer than planned; added additional six weeks to project.…
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