Monthly Archives: February 2019

U.K. – FCA Short-Selling Abuse Brexit

On 22 February 2019, UK FCA issued bulletin of guidance on no-deal Brexit. Advised market makers, issuers of new regulatory obligations in case of no-deal. In respect of short selling regulation (SSR) and market abuse regulation (MAR).Key PointsExpect firms to undertake reasonable steps to comply with changes by exit day.Government made market abuse (amendment) (EU…
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U.S. – NYMEX CS Position Limit Breach

On 31 January 2019, NYMEX fined Credit Suisse for position limit breach. Settlement with Credit Suisse International (CSI) at a hearing on Jan. 29, 2019.AllegationsOn May 30, 2018, NYMEX notified CSI, it held futures-equivalent short position of 239 MGEX June 2018 Palladium futures (JUN18 PA) contracts, and a position limit of 50 JUN18 PA contracts…
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Germany – BaFin Updates FAQs Relating to Major Shareholding

On 22 February 2019, BaFin issued a notice saying that it has updated its FAQ on transparency requirements relating to major holdings of voting rights.(available in the German language). In particular, following a judgement of the German Federal Supreme Court (BGH) published in November 2018, BaFin has changed its administrative practice with respect to acting…
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