On 18 December 2023, UK FCA issued the promised update on implementation of the change in the reporting threshold for reporting of net short positions to regulator. Confirms it will be ready to receive notifications at 0.2% threshold from 5 February 2024. Firms should make necessary system/process changes to allow for such submissions. Until threshold […]
On 15 December 2023, SWI GVT informed that the Federal Council adopted the draft act on foreign investment screening thereby fulfilling its mandate from SWI PRL and Rieder motion. Foreign investment screening will take the form of an approval requirement for the takeover of domestic companies, operating in a highly critical sector, by a foreign […]
On 13 December 2023, UAE DFM issued listing and membership, trading rules. UAE DFM issued listing rules module, and membership, trading, derivatives module. Documents dated 2023, received from UAE DFM 13 December 13, summarized on 19 December 2023. Follows UAE DFM November 2022 issued market rules modules one to four. Background Module 3 Membership, Trading […]
On 15 December 2023, HKEX issued circular re implementation of consultation conclusions from June 2023, regarding enhancements to the position limit regime in Hong Kong. Implements the proposal to enhance the exchange-level position limits for stock options contracts by increasing the number of position limit tiers from three to five.
On 11 December 2023, UK Takeover Panel issued 14th edition Code, other updates. UK Takeover Panel issued 14th edition of Takeover Code and amended practice statements. Follows UK Takeover Panel October 2023 issued RS 2023/1 and changes to code. Updated Code Amendments incorporated into Code 14th edition result from consultation PCP 2023/1, entitled Review of […]
On 12 December 2023, it was reported that three hedge fund associations have sued the SEC in an attempt to vacate two new rules aimed at boosting transparency of short selling. Claims from Associations: MFA, AIMA, and NAPF claim the SEC took conflicting stances with the rules. Allowing transaction reports to be aggregated to protect […]