On 25 February 2022, SEC proposed to enhance short selling disclosure reporting. SEC proposed new SRT Rule 13f-2, and corresponding Form SHO, require institutional investment managers to report short sale and related information on a monthly basis. SEC would then make aggregate data about large short positions, including daily short sale activity data, available to…
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Sweden – FI Foreign Direct Investment Response
On 22 February 2022, SWE FI commented on inquiry consultation response. SWE FI commented on the final report of the foreign direct investment inquiry, which was published on 1 November 2021. Follows SWE FI May 2020 issued response to supplementary provisions. Summary SWE FI approves of the proposals made by the inquiry, but believes, however,…
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Poland – FSA Improper Disclosure Fine
On 15 February 2022, POL FSA announced final decision on fine re GetBack. POL FSA confirmed that on 11 February 2022, it issued a final decision, upholding decision of 16 December 2020 on imposition of fine on the former member of board of GetBack SA. Follows POL FSA September 2021 reported on fines for former…
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Norway – Europalov Short Selling Regulation
On 18 February 2022, Europalov announced EEA memorandum on reporting threshold for short selling of 17 February 2022. The regulation must be implemented in Norwegian law by incorporation, so provision is included in law or regulation that it applies as law or regulation, respectively. Its implementation will not have significant financial consequences for NORFSA. It…
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Rulefinder Alerts to New Short Selling Bans
On 22 February 2022, Rulefinder alerted subscribers to new short selling bans in issuers in S Korea effective 23 February 2022.
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Russia – GVT Restoring Beneficial Owner
On 16 February 2022, RUS GVT amended law regarding foreign legal entity. RUS GVT issue law making amendments to Articles 28 and 29 of the law on protection of competition and law on the procedure for making foreign investments in business companies of strategic importance for ensuring national defense and state security. Provides for specifics…
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