On 9 March 2023, SK FSC published the first penalties for short selling rule violations. Background SK FSS imposed first penalties against 2 firms for violating short selling regulations. Follows SK FSC April 2021 changed to capital market research rules. Penalties Imposed fines of KRW 3.87 billion and KRW 2.18 billion, respectively on the two…
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About: Anna Monteiro
Recent Posts by Anna Monteiro
U.K. – SBAI Short Selling Rules Response
On 3 March 2023, SBAI responded to call for evidence on short selling rules. SBAI issued a response to UK Treasury's call for evidence on short selling regulation. Document dated 3 March 2023, received 7 March 2023, and summarized on 9 March 2023. Follows UK Treasury December 2022 published short selling call for evidence. Response…
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U.K. – ISLA Short Selling Regulation Response
On 6 March 2023, ISLA confirmed responding to the short selling consultation. On 6 March 2023, ISLA confirmed that, on 5 March 2023 it had submitted its response to UK Treasury's Call for Evidence on the Short Selling Regulation (SSR), setting position. Follows UK Treasury December 2022 published short selling call for evidence. Response Overview…
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8 March 2023 – S Korea -FSC Fines ~$4M for Naked Short Selling
FSC Fines ~$4M for Naked Short Selling
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Rulefinder Identifies Several Temporary Short Selling Bans
On 8 March 2023, Rulefinder alerted subscribers to nine issuers with temporary short selling bans. These short selling bans will be effective 9 March 2023.
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Japan – FSA Tender Offer, Shareholding
On 2 March 2023, JPN FSA published matters to be considered by council. JPN FSA published request by JPN GVT minister of state for financial services. For the joint meeting of financial system council and subcommittee of finance to consider the ideal approach to tender offer and large shareholding reporting systems. Aims to ensure market…
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