On 4 June 2021, FINRA requested comment on short selling reporting changes. FINRA requested comment on potential enhancements to short selling reporting program. Proposed enhancements to its short interest position reporting rules. Short Sale Reporting Proposal Modifications proposed to FINRA short interest reporting requirements, to consolidate publication of short interest data reported to FINRA for…
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India – RBI Foreign Portfolio Investors
On 31 May 2021, IND RBI outlined the applicable investment limits for FY 2021-22. Limits for FPI investment in G-Secs and state development loans remains unchanged at 6% and 2% respectively, of outstanding stocks of securities for FY 2021-22. As hitherto, all investments by eligible investors in the specified securities shall be reckoned under the…
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E.U. – ESMA FAQs on UCITs, SFTR, Reporting
On 28 May 2021, ESMA issued FAQs on UCITs, SFTR reporting and others. ESMA announced updated questions and answers on a number of topics. Updated FAQs AIFMD; UCITS; EMIR implementation; MiFID II and MiFIR investor protection topics. Also on MiFIR data reporting topics; SFTR reporting; on implementation of CSDR. And on sustainability-related disclosures for benchmarks;…
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Taiwan – Foreign Investment by Insurance Cos.
On 1 June 2021, TAI FSC implemented the proposed amendments to the regulations. Content of the application form was revised in line with amendments to regulations. Background In March 2021, TAI FSC proposed amendments to regulations governing foreign investments by insurance companies, regarding relaxation of foreign currency insurance policy limits. Amendments In the formula…
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Australia – ASIC Activist Short Selling
On 1 June 2021, AST ASIC published guide on activist short selling. AST ASIC published information sheet on outlining the practice of activist short selling campaigns and its expectations to promote market integrity during such campaigns. Activist Short Selling Involves taking a short position in a financial product, and then publicly disseminating information that might…
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China – CSRC Update on Shareholder Information Disclosure
On 28 May 2021, CHI CSRC responded to media reports that there are excessively strict and detailed verification requirements for shareholder information disclosure. Noted that during implementation, some intermediaries have expanded their scope of verification, resulting in shareholders with small shareholding not meeting criteria. CSRC emphasizes that shareholders of listing companies should be thoroughly inspected…
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