On 1 August 2025, AUT FMA imposed a €120,000 fine for late substantial shareholding notification. AUT FMA imposed a €120,000 fine on Global Alpha Capital Management Limited for late substantial shareholding notification. Main Points Imposition of a fine of €120,000 for late substantial shareholding notification of exceeding the 5% limit for shareholdings in an issuer's…
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UK – FCA Bulletin Oversight Department for Shareholding and Short Selling Reporting
On 17 July 2025, UK FCA issued Primary Market Bulletin 56 on detection. UK FCA issued Primary Market Bulletin 56 focused on optimizing data and technology to strengthen detection capabilities in shareholding reporting, on Directors’ dealing cases. Follows UK FCA April 2025 issued Primary Market Bulletin 55 on changes. Detection Capabilities The integrity of the…
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Saudi Arabia – Launch of Depository Receipts in Capital Market, Re: Substantial Shareholding
On 7 July 2025, SAU CMA approved the regulatory framework for the issuance of Depository Receipts in the Saudi Capital Market corresponding to foreign shares. Introduce new security through the regulation of issuing depository receipts in the capital market for shares listed in foreign market, providing additional listing options. Allow foreign companies to register and…
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Hong Kong – SFC Updates Substantial Shareholding Table
On 11 July 2025, the SFC updated its Substantial Shareholdings table to include the following: substantial shareholding in China Star Entertainment Limited (Stock Code: 00326)
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U.K. – LSEG Navigating shareholding disclosure
On 1 July 2025, LSEG stated the substantial shareholding disclosure rules are currently changing fast. LSEG article on Navigating shareholding disclosure: Your guide to regulatory reporting. Article Highlights Substantial Shareholding disclosure rules are fundamental for market transparency and enforced across all global jurisdictions and regulators require investors to report to their relevant regulators whenever their…
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U.S. – SIFMA Short Selling SHO Reporting
On 5 June 2025, SIFMA issued letter urging short selling reporting extension. SIFMA issued letter to the SEC to request an extension of the compliance date for certain obligations of broker-dealers reporting to the Consolidated audit trail (CAT). Follows February 2025 SEC temporary exemption from short selling report. Document dated 5 June 2025, received from…
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