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Germany – BaFin ESMA Reporting Threshold

On 16 March 2020, GE BaFin reduced reporting for net short positions. Follows, ESMA March 2020 issued decision on net short position holders. ESMA has lowered the reporting limit for net short positions in shares to 0.1 percent. Reduction in reporting limit is a precautionary step related to the COVID-19 pandemic. It will grant exceptions…
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Italy – Extends Short Selling Ban

On 17 March 2020, ESMA issued official opinion agreeing to emergency short selling prohibition for 3 months by CONSOB on all transactions which might constitute/ increase net short positions on all shares traded on Italian MTA regulated market. For which ITA CONSOB is relevant competent authority and to all related instruments relevant for calculation of…
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South Korea – FSC Tightens Short-Selling Rules

On 13 March 2020, SK FSC imposed a ban on stock short-selling in the KOSPI, KOSDAQ and KONEX markets for a period of six months starting from 16 March to 15 September 2020. During the period, current limits on stock buybacks will be lifted for listed companies. Minimum requirement for collateral coverage ratio for stock…
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Thailand – SET COVID-19 Short Selling Change

On 13 March 2020, Thai SET issued adjustment of short selling regulations. Revised regulations regarding short selling to reduce the effects of the current market conditions caused by the Covid-19 outbreak and global economic condition. In this regards, short selling must be conducted at a higher price than the previous price (plus tick), commencing from…
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U.K. – FCA Short Selling Ban

On 13 March 2020, UK FCA issued temporary prohibition of short selling. UK FCA notified temporary prohibition of short selling of specific financial instruments. Overview Temporary ban of short selling affected several instruments (included in list published) as per arts 23(1) and 26(4) of reg 236/2012, followed decision made by an EU NCA. Effectiveness Measure…
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