On 8 October 2024, SK FSS discussed overseas risks and takeover competition. SK FSS held an executive meeting on overseas risk factors and overheated takeovers. Follows SK FSS August 2024 held executive meeting re voting rights. SK FSS issued alert on tender offers re listed firms on the same day. Meeting Highlights Regarding recent Middle […]
On 7 October 2024, SK GVT stated that the bill on the short selling system would be presented to the Cabinet meeting on 10 October and 15 October 2024, before promulgation.
On 4 October 2024, SK FSS warned against takeover of listed companies. SK FSS held an internal meeting to discuss issues re takeover of listed companies. Overview of Meeting SK FSS Governor stressed the need to monitor excessive competition in the process of takeover of listed companies, which may cause market instability and distrust. Required […]
S Korea Fines for Illegal Short Selling
On 4 October 2024, UAE DC issued Securities Lending and Borrowing Rules version 2.4. UAE DC also issued 2024 Procedures for Securities Vending and Borrowing v 6.5. The changes, effective on 4 October 2024, are described in the circular DClear/2024/11. Amended Rule 4.5: an account (for regulated short selling and/or securities lending and borrowing) is […]
On 2 October 2024, UK FCA updated short selling sterling rate in guidance. FCA updated its short selling guidance page to update sterling price for calculation. Follows UK FCA October 2023 sterling rate update in short selling guidance. Background UK Short Selling Regulation (UK SSR) gives FCA powers to prohibit or restrict short selling, limit […]