On 19 May 2022, UK LME issued circular on updated accountability levels. UK LME reported changes to accountability levels in relation to position management. Follows UK LME May 2022 proposed rules on OTC metals positions reporting. Overview Notice informs market participants of changes to the single prompt accountability levels and the all prompt accountability levels…
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Switzerland – SECO Screen Foreign Investment
On 18 May 2022, SWI SECO issued investment screening consultation. SWI SECO announced federal council consultation on legislation to screen foreign investment in Switzerland, following Motion 18.3021 Rieder adoption. Follows SWI GVT August 2021, rules on foreign investment control. Overview Federal council is instructed to draft legislation, but it advises against the new law. Believes…
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U.S. SEC Comment Request for Form 13F
On 17 May 2022, SEC published 11 May 2022 request for OMB review of aforementioned information collection, request for comments on revision to Form 13F. Comments and recommendations should be sent within 30 days, by 16 June 2022. Background SEC issued a notice requesting comments on revisions to Form 13F, for institutional investment managers…
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U.K. – CMA LSE Group / Quantile Merger
On 17 May 2022, UK CMA published terms of reference after referring the anticipated acquisition by London Stock Exchange Group PLC of Quantile Group Ltd to phase 2. LSEG is an international financial markets infrastructure and data business which holds a majority shareholding in the LCH clearing house group - a clearing house helps reduce…
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China – CSRC Shareholding Reduction
On 13 May 2022, CHI CSRC imposed a penalty for illegal reduction of shares. CHI CSRC issued a notice of administrative penalty to Shanghai Yingyi, for illegally reducing its shareholding in WuXi AppTec, in violation of the Securities law. Reduction in Shareholding Article 36 of the Securities law specifically regulates the reduction of shareholdings, re…
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Rulefinder Alerts to Temporary Short Selling Bans
On 18 May 2022, aosphere LLP's Rulefinder alerted to temporary short selling bans in Turkey and S Korea. Effective Date: 18 May and 19 May respectively.
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