Monthly Archives: July 2017

Kazakstan – SA Releases Rule Updates

Update includes changes to the Substantial Shareholding threshold and time to report. Changes to Sensitive Sectors which include new restrictions on foreign ownership in airlines.        
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E.U. AML Beneficial Ownership Update

Update to address High Risk Countries On 11 July, the EC issued a letter on the AMLD assessment of high risk third countries. Proposes four stage approach focusing on priority third countries first based on exposure. First stage is develop methodology for assessment, international list to be added to by EC.   Previously reported, on…
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Spain – Short Selling Ban in Liberbank S.A. Shares

On 12 July, the CNMV extended its short selling ban in shares of Liberbank S.A. Extension remains for two (2) months Enters into force on 12 July 2017 at 23:59 CET and applies until Sep 12. Ban applies to net short positions of Liberbank SA shares under the Short Selling Reg. The measure does not…
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E.U. ESMA Short Selling Advice

On 7 July, ESMA proposed technical advice on short selling regulation. Covers advice on exemption from short selling restriction for market making activities. Notes the difference between MiFID market maker and SSR market making activities. Asks market participants on their views on the absence of alignment of the definitions. Of view that membership requirement should…
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