Monthly Archives: May 2018

Singapore – MAS Short Selling Transparency

On 28 May 2018, MAS issued rules on short selling securities in Singapore. MAS rules improving the transparency on the short selling activities in Singapore. Follows, MAS January 2013 issued Singapore short selling disclosure rules. Reporting of Short Sells From 1 October 2018, investors report short positions, short sell orders in securities. Improves transparency, enables…
Read more

E.U. – ESMA Short Sale Regulation FAQ

On 28 May 2018, ESMA further updated FAQs on the Short Selling Regulation (SSR). Amended FAQ 10.13 to further specify requirements on easy to borrow/purchase list. Listed conditions to meet requirement to have a locate arrangement, per A. 12(1)(c). No longer allows referring to “easy-to-borrow or purchase” list as locate arrangement. Easy-to-borrow or purchase list…
Read more

U.S. – FINRA Fine CS Options Reports

On 16 May, FINRA fined Credit Suisse $200k for option reports. Bank fined $200k, of which $75k payable to FINRA and install compliance controls. For reporting options positions to large options positions reporting (LOPR) system. Alleged Violations Bank failed to report over the counter (OTC) options positions to the LOPR system. Reported positions with inaccurate…
Read more

Australia – ASIC Short Selling Relaxation

On 14 May, ASIC sought feedback on proposed short selling rule. Seeking feedback on various proposals related to both naked, covered short selling. Coincides with sunsetting of number of related class orders, opportunity to review. Proposals Grant legislative relief to allow market makers of certain exchange-traded products to naked short sell units in exchange traded…
Read more