On 1 April 2021, FR AMF updated on short selling rules and data tables. FR AMF issued summary of EU regulation on short sales (VAD), updated other data. It provides excel file containing the history of short positions born made public since 1 November 2012; the data is updated on the last day of each…
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Sweden – FI Short Selling Law Controls
On 1 April 2021, SWE FI said it will investigate Nordnet Bank short selling. SWE FI reported survey on internal governance and control re short-selling ordinance. On how Nordnet Bank AB ensures customers who carry out short selling, will comply. Follows SWE FI February 2021 reminded market of the rules for short selling. Objective To…
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U. K. – Expected Changes to Takeover Panel
On 31 March 2021, UK TO Panel published response statement RS 2020/1. Also published individual responses received to PCP 2020/1, as well as instrument 2021/1, which makes the amendments to the code which were adopted in RS 2020/1. Amended code applied in relation to all firm offers announced in line with rule 2.7 on/after implementation…
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India – BSE Shareholding Disclosure
On 31 March 2021, IND BSE discontinued disclosure of holdings in companies. IND BSE discontinued the quarterly disclosure requirement by trading members on their holdings in various listed companies, effective from quarter ended March 2021. Disclosure of Holdings Notices issued in 2014 required members to disclose their holdings of 1% or more in listed companies…
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SKorea – FSC Short Selling Exceptions
On 30 March 2021, SK FSC announced that amendments to the enforcement decree of financial investment services and capital markets act (FSCMA) have been approved. Revision created imposition of penalty surcharges on illegal short sale activities. Short sellers must keep their securities lending agreements for five years, to present to authorities upon request; decree prescribes…
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India – SEBI Foreign Portfolio Investors
On 30 March 2021, IND SEBI issued additional guidelines to designated depository participants for processing FPI request to surrender registration and ensure uniformity. To make an application to SEBI for seeking no objection certificate for surrender, DDP shall confirm accounts have nil balance, no fees are due, no proceedings are pending. DDP shall ensure that…
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