New FSC Updates for Shareholders in Bulgaria

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

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 to the ownership reporting requirements for public companies. On 28th February, 2024, the OJK issued Regulation Number 4 of 2024 (POJK.4/2024), replacing the previous Regulation…

SEC Rule 13f-2_ A New Era of Transparency in Short Selling Disclosure

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. Effective from 2nd January, 2025, this rule is set to enhance the visibility of short selling activities by requiring institutional investment managers to report detailed…

Unwinding of COVID Chaos_ Anticipated Mass KIID_KID Re-Generation in Mid-2025

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 major shift in these metrics, triggering the need for widespread KIID and KID document updates. COVID-19’s Impact on Market Volatility The onset of the global…

SEC Amendments to 13F

SEC Amendments to 13F

On 23rd June 2022, the Securities and Exchange Commission (SEC) adopted amendments to modernize Form 13F and enhance the information provided. The amendments are intended to promote efficiency, transparency, and operational resiliency by modernizing how information is filed or submitted to the Commission and disclosed to the public.

New CSSF Online Portal for Luxembourg Major Shareholding Notifications Social Share Image

New CSSF Online Portal for Luxembourg Major Shareholding Notifications

Last month the CSSF announced the launch of the eRIIS, its new online portal for those subject to major shareholder notifications under Articles 11(2) and 18(2) of the Transparency Law. The eRIIS is already live and can be used for filings and replaces the current CSSF filing process via email for the major shareholding disclosures. With this in mind, we thought we would highlight some of the key questions regarding the new reporting portal: