On 20 December 2024, SEC settled with IA for short selling against its clients. SEC reported it charged Honk Kong IA Snow Lake Capital Ltd for trading rule violation. IA purchased equity securities on behalf of its advisory clients from an underwriter or B/D participating in follow-on offering, after short selling same securities days before.…
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About: Anna Monteiro
Recent Posts by Anna Monteiro
S Korea – FSC Fines 2 Global Banks for Naked Short Selling
On 18 December 2024, Bloomberg reported that the FSC has fined barclays Plc and Citigroup, Inc. for naked short selling. Barclays was fined 13.7 billion won ($9.5 million) Citi was fined 4.7 billion won ($3.2 million) by the Securities and Futures Commission Short selling is banned in S Korea through 30 June 2025
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Nasdaq Nordic Exchange Traded Notes
On 17 December 2024, Nasdaq Nordic issued rules for issuers of ETN products. Nasdaq Nordic issued Nasdaq Helsinki Regulated Market Rulebook for Issuers of Exchange Traded Notes, with specific requirements for a financial instrument to be admitted to trading at the Exchange and rules on issuer disclosure requirements. Overview Nasdaq Helsinki Ltd published a new…
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Hong Kong – Exchange Launches Data Marketplace
On 18 December 2024, HKEX introduced a web-based HKEX data marketplace. HKEX introduced web-based HKEX data marketplace to improve access to historical and reference data; features a modern interface as well as multiple delivery channels. Including cloud transfer, along with direct data access for enhanced user convenience. Scope HKEX explained that the initial offerings include…
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U.K. – FB Redefining Takeover Rules
On 17 December 2024, UK FB issued blog on recent changes to takeover code. UK Takeover Panel which oversees corporate takeovers under a City Code on Takeovers and Mergers (the Code), confirmed new changes which will reduce the companies affected. Follows UK TO Panel April 2024 issued consultation on code applicability. Changes Overview The main…
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Argentina – CNV Privatization, Takeover Bids
On 13 December 2024, ARG CNV modified privatization policy standards. ARG CNV issued General Resolution 1037/2024 to modify standards (NT 2013, mod.). The Resolution modified rules on takeover bids that do not involve changes in control. Highlights Resolution 1037 clarified provisions applicable to Public Acquisition Offers (OPA) within the framework of the privatization policy promoted…
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