On 16 December 2024, the SEC released the final version of the technical specification for Form 13f-2, the new short selling rule in the U.S. Form 13f-2 needs to be in XML format and submitted to EDGAR 13f-2 short selling rule comes into effect on 2 January 2025 First short selling reporting date will be…
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S Korea – FSS Voting Rights Disclosure
On 10 December 2024, SK FSS issued the results of an inspection on the status of voting rights exercise by asset management companies as of Q2 2024, and future plans. Found that the exercise rate accounts for 92.5%, lower than major pension funds, urged faithful voting rights exercise in Q1 2025 regular shareholders' meeting season.…
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S Korea – FSS Financial Situation Review Re: Short Selling
On 6 December 2024, SK FSS Governor held a financial situation review meeting. SK FSS will promote improving corporate governance, conducting value-up program, advancing the forex market, inclusion in the world government bond index (WGBI). Complete measures to improve the short selling system by March 2025, continue to improve the foreign investment environment to conform…
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Canada – CIRO Expectations wrt Short Selling Settlement
On 5 December 2024, CIRO reported approval of amendments to UMIR that support and clarify short selling framework; no changes to the proposed amendments were made. Added clarifications to Proposed Guidance in response to comments, industry consult. New positive requirement for reasonable expectation to settle not higher standard compared to prohibition against trading without reasonable…
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U.K. – FCA Updated List of Shares for Short Selling
On 4 December 2024, UK FCA updated on list of shares for short selling regime. FCA updated its guidance page on notification and disclosure of net short positions to notify of upcoming changes to UK list of exempted shares following biannual review. Follows UK FCA December 2023 updated shares list re short selling regime. Update…
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Argentina – CNV Substantial Shareholding Reporting
On 5 December 2024, ARG CNV has made the obligation to report more flexible. ARG CNV issued General Resolution 1035/2024 re flexibility of substantial shareholdings report. Highlights Criteria and deadlines will be modified to ensure data transparency and improvement. From 5% threshold, substantial shareholding must be reported when reach multiples of value. 10 business days…
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