On 15 October 2023, Rulefinder alerts reported new temporary short selling bans in S Korea issuers. Effective: Short selling bans will be effective for one trading day on 16 October 2023.
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Thailand – TCH Draft Regulations on Short Selling
On 6 October 2023, Thai TCH drafted short selling and trading securities rules. Thai TCH drafted regulations on short selling on the stock exchange and trading securities with cash to increase investment options and strengthen supervision. Follows Thai SET March 2020, issued adjusted short selling regulations. Increasing Investor Confidence Common stocks that are the reference…
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U.S. – SEC Adopts Changes to Major Shareholding Reporting
On 10 October 2023, the SEC issued confirmation that it is adopting amendments to the rules governing major shareholding reporting that had been proposed. The key changes from these amendments are: (a) reduction in the deadlines for disclosures of 13D and 13G Reports; (b) disclosure of cash settled securities; (c) clarification on the criteria for…
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Taiwan – FSC Reporting Change in Shareholding
On 6 October 2023, TAI FSC issued order on reporting change in shareholdings. TAI FSC, TAI Justice issued order to stipulate article 25 of Securities and exchange act. When a public company organized by a single legal person handles insider equity reporting and if there is no change in shareholding by appointed directors, supervisors, and…
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U.K. – FCA Short Selling Sterling
On 3 October 2023, UK FCA updated sterling rate in short selling guidance. FCA updated its short-selling guidance page to update sterling price for calculation. Follows FCA October 2021 updated sterling price in short selling guidance. Background UK Short Selling Regulation (UK SSR) gives FCA powers to prohibit or restrict short selling, limit transactions when…
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Australia – Gvt Registers Amended Foreign Acquisitions and Takeovers Act
On 30 September 2023, AST GVT registered 30th compilation of the Foreign acquisitions and takeovers act 1975, setting out the text as amended and in force on 15 September 2023.
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