On 23 January 2024, ESP CNMV issued statement in relation to Grifols case. ESP CNMV statement in relation to Grifols and related Gotham City Research report. ESP CNMV has not detected, from Jan. 9 until today, any specific privileged information pending publication representing asymmetric information between different investors. Therefore it has not been necessary to…
Read more
U.K. – BoE Discuss Short Selling
On 22 January 2024, UK BoE issued minutes of November 2023 Securities lending committee meeting. UK FCA updated that UK Treasury had published a draft Statutory Instrument for the new UK short selling regime, and had asked for technical comments from the market. UK Treasury had announced plans to publish the final Statutory Instrument in…
Read more
China – CSRC Tries to Talk Hedge Funds Down from Short Selling
On 24 January 2024, Reuters reported that China's securities regulator the China Securities Regulatory Commission has asked several hedge funds to restrict short selling of stock index futures. Request by CSRC is part of its wider plans to stabilize the country's declining stock markets China's blue-chip CSI300 Index fell to near five-year lows this week…
Read more
Switzerland – COMCO Takeover of Quickmail
On 19 January 2024, SWI COMCO prohibited the takeover by Swiss Post. SWI COMCO prohibited the takeover of Quickmail by Swiss Post to avoid monopoly. Main Points The Quickmail Group, with its two subsidiaries Quickmail and Quickpac, distributes letters, unaddressed mail, newspapers, magazines, parcels throughout Switzerland. Swiss Post is a competitor; for SWI COMCO, the…
Read more
Sweden – GVT Foreign Direct Investments
On 17 January 2024, SWE ISP updated information page on foreign direct investments. Page notes ISP is proposed review authority, per 1 November 2021 direct investment investigation final report, via law on notification, review of foreign direct investments. On 13 September 2023, Riksdag adopted bill that the government presented regarding the review of foreign direct…
Read more
Mexico – GVT Foreign Direct Investment
On 17 January 2024, MEX GVT updated its webpage on foreign direct investment. Noted 31 December 2023 updated list of Mexican companies authorized to raise foreign capital through the neutral investment mechanism, and foreign entities set up in MEX.
Read more