India SEBI Fines for Failure to Disclose Substantial Shareholding
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30 November 2022 – India SEBI Fines for Failure to Disclose Substantial Shareholding and Takeover Breach
30 November 2022 - India Sebi Fines Fines for Failure to Disclose Substantial Shareholding and Takeover Breach
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Cyprus – CSE New Form for Substantial Shareholdings
The Cyprus Stock Exchange has issued a new form for substantial shareholding disclosure reporting.
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India – SEBI Share Acquisition, Takeovers
On 9 November 2022, IND SEBI amended regulation re public disinvestment. IND SEBI published the SEBI ((substantial shareholdings and takeovers) (amendment) regulations, 2022, effective upon publication in the official gazette. They amend SEBI (substantial shareholdings and takeovers) regulations, 2011. Follows IND SEBI December 2021 third amendments to takeover regulations. Amendments Inserted provisos that price determined…
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Norway – Updated Substantial Shareholding Guidance Notes
The Norwegian Financial Supervisory Authority (NFSA) issued an update to the Guide to the Securities Trading Act Chapter 4 – disclosure obligations (Norwegian only). The Guide provides some practical clarifications regarding the NFSA's interpretation of the new substantial shareholding disclosure rules that entered into force on 1 September 2022.
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Australia – GVT Beneficial Ownership Register
On 7 November 2022, AST GVT proposed a public beneficial ownership register. AST GVT issued consultation paper multinational tax integrity: public beneficial ownership register; said it is seeking comments on the design features for the register. Said proposed register is part of AST GVT's multinational tax integrity package. Follows AST PRL March 2022 issued report…
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