On 5 December 2024, ARG CNV has made the obligation to report more flexible. ARG CNV issued General Resolution 1035/2024 re flexibility of substantial shareholdings report. Highlights Criteria and deadlines will be modified to ensure data transparency and improvement. From 5% threshold, substantial shareholding must be reported when reach multiples of value. 10 business days…
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India – Gov’t Raising Foreign Direct Investment in Insurance Companies
On 26 November 2024, the central government in India announced several proposals aimed at reforming the insurance sector, including raising the FDI limit for Indian insurance companies from 74% to 100%. Comments on the proposed amendments should be submitted by 10 December 2024 eMail to consultation-dfs@gov.in Government Office Memorandum is available here.
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Australia – ASIC Fines for Substantial Shareholding Reporting Failure
On 20 November 2024, AST ASIC said Mr Hatch was convicted and sentenced for failing to disclose his substantial shareholding in Copper Strike Limited and providing false information. He was sentenced to six months imprisonment, released immediately upon paying a AUD 2,000 fine; conditional release requires good behavior for 12 months. Pleaded guilty to authorizing…
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18 November 2024 – Poland Fines for Substantial Shareholding Failures
Poland Fines for Substantial Shareholding Failures
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18 November 2024 – India SEBI Fines 7 for Substantial Shareholding Failures
India SEBI Fines 7 for Substantial Shareholding Failures
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6 November 2024 – Netherlands AFM Fines for Failure to Report Substantial Shareholdings
Netherlands AFM Fines for Failure to Report Substantial Shareholdings
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