UK Short Selling Regulation 2025: A New Era
UK Short Selling Regulation 2025: A New Era The regulatory landscape of short selling in the UK has been on a dynamic journey. Initially, the UK’s own short selling regime…
SEC Imposes Over $3.8 Million in Penalties for Violations of Shareholder Disclosure Rules
On September 25, 2024, the Securities and Exchange Commission (SEC) announced settled charges against 23 entities and individuals for failing to timely report their holdings and transactions in public company stocks. This enforcement action, focused on Schedules 13D, 13G, and Forms 3, 4, and 5, underscores the SEC’s commitment to enforcing shareholder disclosure rules and maintaining transparency in financial markets.
Among the entities penalised are some of the largest and most recognisable names in the corporate world, including Alphabet and Goldman Sachs. The total fines levied amount to more than $3.8 million.
FCA Announces Plans to Reform Financial Services Retail Disclosure Requirements
On 19th September 2024, the Financial Conduct Authority (FCA) issued a statement outlining its plans to overhaul the existing PRIIPs legislation in the UK. The new framework Consumer Composite Investments aims to enhance flexibility and address long-standing industry concerns, particularly in the area of cost disclosures.
Bulgaria: FSC Updates Significant Shareholding Notification Form and Submission Process
As of September 12th, 2024, the Financial Supervision Commission (FSC) in Bulgaria has introduced important updates to the Significant Shareholding Notification Form (as per Article 145). This form is a legal requirement for shareholders who cross specific thresholds – 5% or multiples of 5% – of voting rights in publicly traded companies on regulated markets.
These recent changes reflect the FSC’s ongoing efforts to streamline reporting processes and ensure greater clarity and transparency for market participants. Let’s break down the key updates and explore how they affect shareholders.
Navigating Indonesia’s New Ownership Reporting Regulation: What You Need to Know
In an effort to align with international standards and enhance transparency within the market, the Financial Services Authority of Indonesia (Otoritas Jasa Keuangan, or OJK) has introduced a significant update…
SEC Rule 13f-2: A New Era of Transparency in Short Selling Disclosure
The Securities and Exchange Commission (SEC) is ushering in a new era of transparency with the introduction of Rule 13f-2, a significant amendment to the Securities Exchange Act of 1934.…
Unwinding of COVID Chaos: Anticipated Mass KIID/KID Re-Generation in Mid-2025
The COVID-19 pandemic brought unprecedented volatility to global financial markets, leading to significant fluctuations in UCITS and PRIIPs risk indicators. As we approach 2025, the industry must prepare for a…
Navigating the UK Consumer Duty Reporting: Funds-Axis Now Supports EMT v4.1 Updates
Funds-Axis provides solutions to upcoming UK Consumer Duty Regime Last month, we reported on the release of EMT version 4.1 in relation to the upcoming UK Consumer Duty regime, which…
Funds-Axis provides solutions to upcoming UK Consumer Duty Regime
Stay ahead of regulatory changes with Funds-Axis Limited’s EMT solution, now updated to comply with the upcoming UK consumer duty regime. Learn how our expertise in investment compliance and regulatory technology can help you navigate this change and avoid non-compliance. Contact us today to find out more.
Irish Takeover Panel New Opening Disclosure Rules
On 21 December 2021, the Irish Takeover Panel released a public consultation paper seeking comments on proposed amendments to the Irish Takeover Panel Act 1997, Takeover Rules 2013 and the Substantial Acquisition Rules 2007. Submissions closed on 28 February 2022.
