On 25 November 2021, GE BaFin removed limits on commodity derivatives. GE BaFin said it has removed the majority of position limits on commodity derivatives. Follows EU February 2021, MiFID quick fix Dir 2021/338 on Covid recovery. Also follows GE GVT Jun. 2021 law implementing EU crowdfunding rules. Key points Decision follows changes to MiFID…
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India – SEBI T+1 Rolling Settlement Basis
On 25 November 2021, IND NSE issued settlement parameters and reports structure. Securities under T+1 settlement shall be cleared and settled with settlement type and number distinct from settlement type and number for securities with T+2 settlement. Settlement number for T+1 settlement shall be distinct from T+2 settlement; actual settlement calendar shall be available as…
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Bahrain – CB Mergers, Takeovers and Acquisitions Module
On 17 November 2021, BHR CB proposed to amend take-overs, mergers module. BHR CB proposed amendments to take-overs, mergers and acquisitions (TMA) module. Revised provisions relate to independent advice, issuance of documents, settlement of consideration and share transfer, restrictions on dealings before and during offer. As well as offer timetable, compulsory acquisitions and delisting, among…
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Rulefinder – Alerts to Temporary Short Selling Ban
On 24 November 2021, Rulefinder'a Short Selling Data identified a temporary short selling ban in three issuers effective 25 November in S Korea.
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Singapore – SGX Adds Volume Threshold for Iron Ore CFR China
On 22 November 2021, SGX amended SGX FTR RN 4.1.11 appendix A, added volume threshold for SGX options on MB Iron Ore CFR China (65% Fe Fines) index futures. Also amended appendix B to add minimum tick schedule for the same contract. Changes come into effect from 6 December 2021.
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Austria – FMA Imposes Fine for Late Substantial Shareholding
On 4 November 2021, the FMA fined Compass Gruppe GmbH for belated notification of the exceeding of the 4% shareholding limit of shares in an issuer. The company failed to notify the FMA, the stock exchange company and the issuer (CLEEN Energy AG) of exceeding the substantial shareholding participation limit in due time.
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