On 13 January 2021, SK FSC gave notice of amendments to enforcement decree of the financial investment services and capital markets act; notice period 13 January to 2 February. Restrictions on participation by short selling persons during period of capital increase. Anyone who signs a transaction contract for future borrowing and short sale must keep…
Read more
E.U. – ESMA Agreed MiFID II Position Limits
On 13 January 2021, ESMA issued MiFID II commodity derivatives opinions. ESMA issued opinions on position limits for commodity derivatives under MiFID II, MIFIR, for EEX Phelix DE Power Base and EEX Phelix DE/AT Power Base contracts. Opinions ESMA found that the proposed position limits are consistent with the objectives established in MiFID II and…
Read more
U.K. – FCA Short Selling Reporting Exempt Shares
On 11 January 2021, UK FCA issued UK list of exempted shares with regard to reporting.
Read more
France – Update on Short Selling Guidance
On 7 January 2021, 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.
Read more
E.U. – ESMA MiFID Transparency Calculations
On 8 January 2021, ESMA published first post-Brexit transparency calculations. ESMA issued first financial instruments transparency system (FITRS) file since Brexit. Follows ESMA January 2021 issued FIRDS files after end of transition period. FITRS Equity transparency calculation results delta file (DLTECR) has updated transparency calculation results for equity instruments with a UK venue as most…
Read more
U.K. – Gov’t Short Selling Reporting Threshold Lowered
On 6 January 2021, UK GVT lowered initial short notification threshold to 0.1%. UK GVT issued the short selling (notification thresholds) regulations 2021. Purpose Amended retained EU regulation 2012/236 on short selling and certain aspects of credit default swaps, commonly known as the short selling regulation (SSR). Lowered initial notification threshold from 0.2% to 0.1%…
Read more