We welcome Emilia Löfgren to us at HWF Advokater. Emilia is 24 years of age and has previously worked as an associate at Advokatfirman Eninge. Emilia is born and raised in Karlskrona and went on to study law at Lund University where she graduated in January 2018.
The Swedish Financial Supervisory Authority (Sw. Finansinspektionen) has issued new guidelines for administrative sanctions for late insider reporting according to EU’s Market Abuse Regulation (MAR), see the following link (in Swedish): Riktlinjer för sanktionsavgifter vid sen insynsrapportering.
The guidelines contain among others a chart with model rates to be used as a basis in relation to the issue of administrative sanctions. The Swedish Financial Supervisory Authority will take the size of the transaction and the duration of the delay into account in their assessment. The guidelines will be applied to notifications submitted (and not to omitted notifications discovered by the Swedish Financial Supervisory Authority, which are expressly not covered by the guidelines).
The guidelines will provide greater clarity and predictability as regards the ‘normal’ case of late insider reporting.
We welcome Julia Ekerot as a new Associate at HWF Advokater. Julia is 23 years of age and has previously worked at Advokatfirman Lindahl. Julia is born and raised in Kristianstad and studied law at Lund University where she graduated in 2017.