On 9 June 2021, TAI FSC adjusted standards on margin purchase and short selling. Follows TAI FSC market maker system soon to be launched end of June. Daily volume limit of 30% for intraday securities borrowing and selling does not apply for securities firms acting as stock market maker, providing quotations or for hedging. Clarified…
Read more
U.S. – ICE Fines Investment Bank for Futures Position Limit Breach
On 8 June 2021, ICE FEU issued a fine for crude futures position limit breach ICE FEU issued a summary enforcement disciplinary measure against Goldman Sachs for a breach of ICE FEU Exchange Rule P.3 on WTI crude futures position limits. Alleged Violations On 14 January 2021, Goldman held a long position of 3,450 lots…
Read more
Sweden – FI Fines for Late Substantial Shareholding Reporting
On 8 June 2021, the Swedish regulator, fined TP Lindqvist Holding AB SEK 25,000 for late shareholding disclosure reporting for shares in Nobia AB to the Swedish Financial Supervisory Authority.
Read more
New Zealand – GVT Foreign Investment Policy
On 8 June 2021, NZ GVT guided foreign investment policy, national interest. NZ PRL issued guidance on the foreign investment policy and national interest. The government welcomes sustainable, ,and inclusive overseas investment. However, it can also pose risks as high levels of foreign ownership can cause conflicts. Guidance includes information on how the overseas investment…
Read more
Mexico – MEX GVT Foreign Investment Rules
On 3 June 2021, MEX GVT issued draft rules on procedures re investments. MEX GVT Conamer issued draft agreement amending rules on foreign investments. Follows MEX GVT June 2020 draft rules on procedures before registry. Overview Aims to permanently offer promoters use of email as additional option for presentation and monitoring of legal procedures in…
Read more
U.S. – FINRA Enhanced Short Selling Reporting
On 4 June 2021, FINRA requested comment on short selling reporting changes. FINRA requested comment on potential enhancements to short selling reporting program. Proposed enhancements to its short interest position reporting rules. Short Sale Reporting Proposal Modifications proposed to FINRA short interest reporting requirements, to consolidate publication of short interest data reported to FINRA for…
Read more