On 19 March 2024, the short selling turnover of HK market at midday amounted to $9.7 billion, or 23.8% of the turnover of securities eligible for short selling. Previous day short selling turnover percentage was 19.2%
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S Korea – FSS Exercise of Voting Rights
On 15 March 2024, SK FSS held meeting with asset management companies. SK FSS held a meeting with executives from 10 major asset management companies and SK FIA, in order to discuss major issues re their exercise of voting rights. Follows SK FSS April 2023 set up a taskforce to revise voting guides. Meeting SK…
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U.S. – SEC Short Selling Rule Challenged
On 13 March 2024, a group of former chief economists at the U.S. Securities and Exchange Commission are supporting a request that the Fifth Circuit intervene and "correct" a pair of recent agency rules intended to bring transparency to the short-selling market.
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14 March 2024 – U.S. SEC Fines for Naked Short Selling
U.S. SEC Fines for Naked Short Selling
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Brazil – Anbima on Public Takeover Proposal
On 7 March 2024, BRZ Anbima commented on CVM public takeover proposal. BRZ Anbima reported on comments it made in response to BRZ CVM consultation. Follows December 2023 BRZ CVM proposal on public takeover offers (OPA) Recommended Modifications BRZ Anbima recommended inclusion of criteria to review the valuation report. Report defines the price that will…
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13 March 2024 – India SEBI Fines for Violation of Takeover Rule
India SEBI Fines for Violation of Takeover Rule
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