On 19 December 2023, HK SFC issued press release confirming the 22 December 2023 effective date for position limit enhancements, outlined key changes and reiterated the aim to give more clarity on regulatory requirements re funds, facilitate compliance and provide more flexibility to the market. To help market participants understand the amendments, HK SFC has…
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21 December 2023 – Norway FSA Fines for Short Selling Violations
Norway FSA Fines for Short Selling Violations
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U.K. – FCA Short Selling Regulations
On 18 December 2023, UK FCA issued the promised update on implementation of the change in the reporting threshold for reporting of net short positions to regulator. Confirms it will be ready to receive notifications at 0.2% threshold from 5 February 2024. Firms should make necessary system/process changes to allow for such submissions. Until threshold…
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Switzerland – SECO Screen Foreign Investment
On 15 December 2023, SWI GVT informed that the Federal Council adopted the draft act on foreign investment screening thereby fulfilling its mandate from SWI PRL and Rieder motion. Foreign investment screening will take the form of an approval requirement for the takeover of domestic companies, operating in a highly critical sector, by a foreign…
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UAE – DFM Market Rules Modules RE: Short Selling
On 13 December 2023, UAE DFM issued listing and membership, trading rules. UAE DFM issued listing rules module, and membership, trading, derivatives module. Documents dated 2023, received from UAE DFM 13 December 13, summarized on 19 December 2023. Follows UAE DFM November 2022 issued market rules modules one to four. Background Module 3 Membership, Trading…
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Hong Kong – SFC Position Limit Enhancements
On 15 December 2023, HKEX issued circular re implementation of consultation conclusions from June 2023, regarding enhancements to the position limit regime in Hong Kong. Implements the proposal to enhance the exchange-level position limits for stock options contracts by increasing the number of position limit tiers from three to five.
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