On 20 December 2019, Rulefinder reported temporary short selling bans in two jurisdictions. Find out more here.
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E.U. – Short Sale Market-Making
On 3 December 2019, EU ESMA published compliance table re guidelines on short-selling. Background On 1 February 2019, ESMA issued guidelines on short selling exemption for market making. Criteria to be met for market making exemption, and conditions to assess notification. Market maker to be member of venue that trades instrument, conducts market making. Qualifying…
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India – SEBI Foreign Portfolio Investors
On 16 December 2019, IND SEBI decided AMCs may provide management and advisory services in terms of regulation 24(b) of regulations to FPIs under certain categories. Government and government related investors such as central banks, appropriately regulated entities such as pension funds, FPIs wherein the above hold more than 50%. For agreements entered into by…
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E.U. – ESMA Report on UCITS Penalties
On 12 December 2019, EU ESMA issued second annual report on the sanctions imposed by NCAs under the UCITS directive (both on penalties and measures), for the year 2018. Number of NCAs issuing sanctions remains stable at 15, compared to 2016-17 year. Total number of sanctions issued has decreased based on a year on year…
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Portugal – CMVM Updated Brexit Q&As
On 11 December 2019, POR CMVM updated Brexit questions and answers. Updated Q&As re Brexit made available to market entities, non-professional investors. Follows POR CMVM March 2019 published questions and answers on Brexit. Overview 7 new questions were added, reflecting implications of transitional measures to be implemented should the UK choose to leave the EU…
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Japan – FSA Information Disclosures
On 5 December 2019, JPN Kanto updated its web page on corporate information disclosures and have added a link to JPN FSA's web page concerning examples of good practice.
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