On 21 November 2024, SK FSC proposed revisions to statutes on short selling. SK FSC, SK GVT proposed revisions to the Enforcement decree of the capital markets act, Regulations on financial investment business, as per revised Capital markets act. Follows SK FSC September 2024 said short sales improvements were approved. Revisions to Enforcement Decree For…
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Australia – ASIC Fines for Substantial Shareholding Reporting Failure
On 20 November 2024, AST ASIC said Mr Hatch was convicted and sentenced for failing to disclose his substantial shareholding in Copper Strike Limited and providing false information. He was sentenced to six months imprisonment, released immediately upon paying a AUD 2,000 fine; conditional release requires good behavior for 12 months. Pleaded guilty to authorizing…
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U.K. – Trading Plan for NatWest Shareholding
On 18 November 2024, UKP issued update on the disposal of £1bn worth of government-owned NatWest Group shares, representing approximately 3.2% of the company. UK GVT's remaining shareholding represents approximately 11.4% of voting rights in NatWest which demonstrates continued progress being made towards the UK GVT's intention to return its shareholding in NatWest to private…
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U.S. – SEC Releases Updated Tech Spec for 13f-2 Short Selling Report
On 18 November 2024, the SEC released another draft of the technical specification for short selling regulation 13f-2. Background: short selling regulation 13f-2 comes in effect 2 January 2025 SEC will release final technical specification on 16 December 2024 13f-2 short selling regulation has two thresholds to be considered: Threshold A (reporting issuers) and Threshold…
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China – CSRC Takeover of Hehe Futures
On 15 November 2024, CHI CSRC took over Hehe Futures for governance fails. CHI CSRC took over Hehe Futures Co Ltd from 15 November 2024 to 14 November 2025, due to severe governance issues and loss of management control that pose significant risks. A takeover team has been formed to operate Hehe Futures during the…
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S Korea – FSS Investment Briefing Re: Short Selling
On 14 November 2024, SK FSS held an investment briefing in Hong Kong. SK FSS held an investment briefing in Hong Kong along with local governments and the financial sector, in order to explain the advancement of the Korean capital market. Follows SK FSC May 2024 issued plan for alternative trading system. Briefing Highlights SK…
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