BaFin Fines Vanguard Group for Late Substantial Shareholding Disclosure
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4 November 2021: Austria FMA Sanctions for Late Substantial Shareholding Disclosure
FMA Sanctions for Late Substantial Shareholding to Issuer
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Germany – BaFin Substantial Holdings of Voting Rights
On 10 January 2022, GE BaFin updated its webpage on substantial shareholdings of voting rights, replacing broken links, and expanding on information previously issued. Reminds users that from 1 July 2020 notifications of changes to voting rights must be in electronic format; transmission to BaFin is via the MVP portal. Users can register with BaFin…
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Taiwan – Major Shareholding Consultation Issued
On 11 January 2022, TAI FSC proposed amendments re shareholding ratio. TAI FSC proposed amendments to securities and exchange act re major shareholding. Amendments Lower the threshold for the declaration of substantial shareholding, from 10% to 5%. To allow sufficient time to prepare and respond to amendments of relevant supporting laws and regulations, a transition…
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Australia – ASIC Securities Lending Rules
On 11 November 2021, AST ASIC released a report highlighting the key issues that arose out of the submissions received on consultation paper 319 securities lending by agents and substantial shareholding disclosure (CP 319) and details ASIC's responses. It also covers the targeted consultation on the remake of class order [CO 11/272] substantial shareholding disclosure:…
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Australia – ASIC Securities Lending Rules
On 1 October 2021, AST ASIC issued rules on securities lending arrangements. AST ASIC issued ASIC corporations (securities lending arrangements) instrument StIn 2021/821 which makes modifications to ASTCA S 608, 609, 671B. In order to grant relief in relation to reporting substantial shareholdings, for certain entities involved in securities lending as part of their financial…
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