On 14 October 2022, IND INS issued findings on Axis Bank and Max Life shares. IND INS issued two orders in the matter of Axis Bank Limited and Max Life Insurance Co. Ltd, along with other companies in Axis group, for making undue profits or gains. Background Axis Bank had been granted a certificate of […]
Poland FSA Fines $1M for Failure to Report Substantial Shareholdings
Germany BaFin Fines $5M for Substantial Shareholding Failure
India SEBI Fines for Substantial Shareholding Disclosure
On 1 September 2022, Norway will implement ESMA’s TDA regulation for substantial shareholding. Most notable: unissued shares are no longer included cash settled instruments are included Norway will maintain its substantial shareholding thresholds and share capital test. The new rules clarify that equity certificates should be treated as shares of any other issuer and therefore […]
On 2 August 2022, SIN MAS issued FAQs to disclose interest in listed security. SIN MAS issued revised FAQs on disclosure of interests in listed securities, under SFA. Securities And Futures Act SFA, Part VII (disclosure of interests), imposes obligations. Scope Applies to director or CEO of a listed corporation (except a foreign corporation with […]