Sweden FSA Fines for Late Substantial Shareholding Disclosure
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Saudi Arabia – CMA Foreign Investment Regulation
On 11 December 2022, SAU CMA proposed rules regulating foreign investment. SAU CMA issued its resolution to publish amended draft rules for foreign investment in securities, for public consultations for a period of 30 days. Key Amendments The main elements of the project are the development of qualification conditions and facilitating the requirements that must…
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Canada – CSA, IIROC Short Selling Framework
On 8 December 2022, C-IIROC, CSA requested input on short selling framework. CSA and C-IIROC seek input on regulatory framework for short selling in Canada. Issued Staff Notice 23-329 Short selling in Canada to provide overview of the existing regulations, update on current initiatives, request input for regulatory consideration. CSA also issued a summary of…
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Canada – CSA Activist Short Selling Concerns
On 8 December 2022, CSA published Staff Notice 25-306 Activist short selling update. Provided summary of comments received, which show a persistent negative perception with activist short selling, short selling in general, concerns with existing regulations. Urged stakeholders to comment on Staff Notice 23-329 also issued today. Nt 23-329 seeks input on general short selling…
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Australia – GVT Updates Foreign Acquisition / Takeover Fees
On 8 December 2022, AST GVT registered the Foreign acquisitions and takeovers fees imposition act 2015 in consolidated format, showing text as in force on 6 December 2022. Latest compilation (no 5) issued to reflect changes made by the Foreign acquisitions and takeovers fees imposition amendment act 2022, which was on registered 6 December 2022.…
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Australia – ASIC Short Selling Relaxation Extended
On 6 December 2022, AST GVT registered ASIC Corporations (Short selling) Amendment Instrument 2022/968, to amend 2018/745 detailed above, as from 7 December 2022. Extends hedging relief to permit naked short selling by a market maker of an interest in specified ETFs (approved ETFs) for the purpose of hedging risks arising from market making activities…
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