On 4 August 2021, FINRA requested extended comment period on short sale reporting changes. FINRA issued Regulatory Notice 21-19: FINRA requests comment on short interest position reporting enhancements and other changes related to short sale reporting. Short Sale Reporting Proposal Modifications proposed to FINRA short interest reporting requirements, to consolidate publication of short interest data…
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France – GVT Investment Firms Supervision
On 1 August 2021, FR GVT published seven orders dated 28 July 2021 amending existing legislation to allow further transposition of EU investment firms directive. The first order amends a previous order of 3 November 2014 and specifies the rules making it possible to define supervisory authority on consolidated basis of a company group. The…
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Luxembourg – CSSF UCITS Circular Updated
On 30 July 2021, LUX CSSF highlighted changes made to circular CSSF 11/509 by cir 21/778 to include modifications re law of 21 July 2021 transposing dir 2019/1160. Also referred to new FAQs issued for notification procedures and stated that regarding pre-marketing notifications of AIFMs, a new dedicated page is also available. Follows LUX GVT…
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U.S. – FINRA Short Interest Reporting Dates
On 29 July 2021, FINRA published short interest reporting dates for 2021. FINRA published a schedule containing firm short interest reporting dates for 2021. Short Interest Reporting Firms required to report short interest positions in all customer, proprietary accounts. Short interest positions required to be reported for all equity securities twice a month. Must be…
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