On 23 November 2023, SK FSS, KRX formed a task force with SK FIA and the industry, held a kick-off meeting to develop a computer system for preventing naked short selling. Will discuss ways to build an internal computer system for institutional investors conducting short selling, to operate a real-time system to block naked short…
Read more
About: Anna Monteiro
Recent Posts by Anna Monteiro
U.K. – Treasury Further Consultation on Short Selling Regulation
On 22 November 2023, UK Treasury published Government response to short selling regulation: consultation – sovereign debt and credit default swaps. Sets out UK GVT's final policy position for regulation of short selling of sovereign debt and CDS, and summarizes the responses received to consultation on 11 July 2023. Specifies UK GVT's approach to aspects…
Read more
U.K. – Treasury Short Selling Review
On 22 November 2023, UK Treasury published Short selling regulations 2024 policy note and draft statutory instrument to replace the EU-inherited SSR. Draft statutory instrument will implement the reforms to the UK short selling regime set out in the call for evidence response document dated 11 July 2023 (above). UK GVT welcomes any technical comments…
Read more
Hong Kong – SFC Position Limit Enhancements
On 20 November 2023, HKEX issued circulars on enhancing derivatives position limits. Circulars outline changes to exchange-level position limit regime including application of position limits to clearing participants (CP) as well as excess position limits for CPs. Increase of CNH position limits from 8K to 30K long or short position delta contracts. Introduce tiers for…
Read more
S Korea – FSC, FSS Short Selling Reform Meeting
On 16 November 2023, SK FSC and SK FSS attended a meeting on short selling reform measures with the private sector, the ruling party, and the government. Participants discussed a direction for improvements to the short selling system, which aims to level the playing field, prevent naked short sales in advance, strengthen detection, punishment of…
Read more
Canada – IIROC, CSA Short Selling Framework
On 16 November 2023, CIRO, CSAs published Bulletin 23-0173 on feedback obtained on short-selling framework; no consensus on proper regulatory regime for short selling. Reiterate short selling plays important role in financial markets; promote transparency, contributes to liquidity, price discovery, market integrity and investor protection.
Read more
Recent Comments by Anna Monteiro
No comments by Anna Monteiro yet.