On 21 December 2023, NORFSA fined four investors for short selling violations. NORFSA fined four investors for uncovered short selling in Nordic Mining ASA (NOM). Main Points Investors sold NOM shares, fulfilling delivery obligations after the sales with newly issued shares; at the time of sale, the new share capital was not registered in the…
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About: Anna Monteiro
Recent Posts by Anna Monteiro
27 December 2023 – France AMF Failure to Disclose Major Shareholding
France AMF Failure to Disclose Major Shareholding
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U.K. – Takeover Panel Amended Note RE: Central Counterparty
On 18 December 2023, UK TO Panel amended note re central counterparty. UK TO Panel published Instrument 2023/4, which amends note 18 on rule 9.1 of the Takeover code, re bank and central counterparty recovery and resolution. Amendment Introduces new paragraph stating that Rule 9.1 does not apply to certain transactions related to central counterparty…
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S Korea – FSC Hedge Funds Unfair Trade Fine
On 21 December 2023, SK FSC imposed fine of KRW 2.02bn on hedge funds and on 22 December 2023, SK FSS also published a press release about the violations above. SK FSC imposed a fine of KRW 2.02bn on three hedge funds, after deciding that the trading behavior that occurred while block deal trading violated…
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24 December 2023 – S Korea FSC Fines for Naked Short Selling
S Korea FSC Fines for Naked Short Selling
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Hong Kong – SFC Position Limit Enhancements Effective
On 19 December 2023, HK SFC issued press release confirming the 22 December 2023 effective date for position limit enhancements, outlined key changes and reiterated the aim to give more clarity on regulatory requirements re funds, facilitate compliance and provide more flexibility to the market. To help market participants understand the amendments, HK SFC has…
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