On 28 December 2023, TAI FSC issued order for the amendment on article 2 and 8 of Standards governing eligibility of securities for margin purchase and short selling. TAI EXC also issued press release re the amendment, to be effective on 1 January 2024.
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S Korea – FSS Uncover Illegal Short Selling
On 26 December 2023, SK FSC discussed meeting of SK FSC (of December 22) re above, where it ruled 2 global investment banks' (IBs) long-term non-leveraged short selling orders and consignments violated law; decided to file complaint, imposed KRW 26.52bn fine. SK FSC said this violation was of short selling restrictions under Capital markets act.…
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Germany – BaFin Updated Shareholding FAQs
On 22 December 2023, BaFin issued updated major shareholding FAQs. FAQs regarding major shareholding, voting rights sections 6 (sec. 33 et seq.) and 7 (sec. 48 et seq.) of the Securities Trading Act (Wertpapierhandelsgesetz [WpHG]) were updated Question 6C: how multiple voting rights should be disclosed in a voting rights notification ; and Question 25:…
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