16 May 2023 – Sweden FI Fines for Substantial Shareholding Reporting Failure
Sweden FI Fines for Substantial Shareholding Reporting Failure/a>
Taiwan – FSC Shareholding Notification 5%
On 4 May 2023, TAI PRL reported Securities and exchange act passing 3rd reading. After the revision, no matter whether it is alone or in name of others/spouse/children with total substantial shareholding more than 5% shares of listed company, it must be disclosed. Further disclosure is required for every 1% increase in shares of the […]
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 […]
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 […]
20 April 2023 – Germany BaFin Fines for Failure to Report Substantial Shareholding
BaFin Fines for Failure to Report Substantial Shareholding
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.