On 7 November 2023, SEC published final rules in federal register, effective 5 February 2024. Background: Amendments shortened deadlines for initial and amended major shareholding reports: Schedule 13D, 13G filings. Clarified Schedule 13D disclosure requirements with respect to derivatives securities. Required 13D, 13G filings be made using structured, machine-readable data language. The adopting release provided […]
On 7 November 2023, HK SFC prosecuted individual for fraudulent scheme. HK SFC said Ms Christine Yeung Tak Sum is facing trial in Eastern Magistrates’ Court for charges related to fraudulent scheme in securities transactions, illegal short selling. This case marks the first prosecution by HK SFC involving a defendant accused of employing a fraudulent […]
The Colombo Stock Exchange (“CSE”) has adopted rules relating to regulated short selling (“RSS”) through stock borrowing and lending rules (“SBL”). Covered short selling of eligible securities in accordance with the RSS rules will be permitted, effective from 6 November 2023. Information on RSS and SBL, including FAQs and applicable rules here on their website. […]
Hong Kong SFC Issues Charges for Illegal Short Selling
On 31 October 2023, IND NSD issued circular on standard operating procedure (SOP) for implementation of IND SEBI circular dated 24 August IND NSD circular dated 30 August. Requested designated depository participants and custodians to comply with SOP. The SOP delineates applicability, exemption from additional disclosures, timelines and monitoring, general terms, SOP updates, provides a […]
On 5 November 2023 SK FSC, SK FSS banned short selling until end of June 2024. SK FSC Chairman Kim Joo-hyun held a briefing with SK FSS Chairman Lee Bok-hyun, on the complete ban on short selling of all stocks in the domestic stock market. Follows SK FSC, FSS February 2021 further extended short selling […]