On 10 December 2020, RUS CB issued guide for submitting document. RUS CB issued recommendations for legal entities, individuals submitting applications for acquisition of equity instruments of financial institutions and control over members. Recommendations Provide an overview of the most common mistakes and ways to eliminate them. RUS CB reminds that period for consideration of…
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Australia – Gov’t Foreign Investment Reforms
On 9 December 2020, AST GVT passed legislation on foreign investment framework reform. Requires foreign investors to seek approval for all investments in sensitive national security land or businesses, including starting such a business, regardless of value. Subjects foreign investors to enhanced monitoring and investigation powers. As well as continue to bear the costs of…
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France – AMF Updates Guidance on Short Selling
On 8 December 2020, FR AMF updated guidance page on the EU regulation on short selling. Including updated excel file containing the history of net short positions made public.
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E.U. – ESMA Updated List of Short-Selling Exemptions
On 7 December 2020, EU ESMA issued an updated list of market makers and authorized primary dealers using the exemption in regulation on both short selling and CDS.
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U.K. – FCA MiFID Commodity Positions
On 7 December 2020, UK FCA updated position limits for commodity derivative contracts. Limits established under markets financial instruments regulations 2017 (MIFI regs). Limits revised in line with RTS 21, states they should be reviewed when there is major change in open interest, deliverable supply, other significant change in market. Changes reflect changing market conditions,…
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Canada – CSA Activist Short Selling Concerns
On 3 December 2020, CSA consulted on activist short selling impact on markets. CSA issued consultation paper to facilitate discussion of concern re activist short sales. The paper sets out findings from CSA research, on the subject, which began in 2019. Summarizes stakeholder concerns, Canadian and international regulatory frameworks. Background Activist short selling involves taking…
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