On 20 January 2023, AST GVT registered 3rd compilation of ASIC corporations (short selling) instrument 2018/745; shows text of instrument as in force on 7 December 2022. Compilation reflects changes made by ASIC corporations (short selling) amendment instrument 2022/968; the effect of these changes is set out in further detail below. Background: On 6 December…
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Finland – FSA Credit Firm Shares’ Disclosure
On 20 January 2023, FINFSA amended rules on property ownership declaration. FINFSA issued an amendment to regulation 105.2 on declaring the share and property ownership of a credit institution and its consolidation group to reflect the amended legislation so that it will be repealed with regard to the notification of shareholding. Regarding notification of real…
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Rulefinder Alerts to Temporary Short Selling Bans
On 19 January 2023, Rulefinder identified new temporary short selling bans issued in two countries. Effective: temporary short selling bans will be effective 20 January 2023.
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UK – FCA Updated Info for Short Selling Regime
On 16 January 2023, UK FCA updated the information on the notification and disclosure of net short selling positions, relating to the data regarding the UK sovereign debt thresholds. It also includes all of the uncovered positions in UK sovereign CDS, that may be held. This section had been updated with figures valid as of…
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India – RBI Shareholding in Banks
On 16 January 2023, IND RBI issued a master direction on substantial shareholding in banks. IND RBI issued the Master direction RBI (acquisition and shareholding or voting rights in banking companies) directions, 2023 and accompanying guidelines. The master direction may be read along with the Guidelines on acquisition and shareholding or voting rights in banking…
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France – ACPR Financial Holding Companies
On 12 January 2023, FR ACPR clarified position on holding company oversight. FR ACPR issued position 2022-P-02 re financial holding companies, mixed financial holding companies, parent companies and investment holding companies' obligations. Specifications re approval obligations, exemption from approval, as well as prudential obligations according to the place of the holding in the chain of…
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