On 7 June 2022, EU ESMA issued updated list of administrative measures, and penalties applicable to infringements of regulation on short selling and credit default swaps.
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Spain – CNMV Significant Holdings, Issuers
On 8 June 2022, ESP GVT published ESP CNMV circular 2/2022 on significant holdings. It deals with notification models for significant holdings, issuer operations on treasury shares and market makers; it will enter into force 60 days after official publication. Regulated entities must use the new models approved by it for notifications they have to…
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Hong Kong – Consultation on Position Limit Reporting
On 2 June 2022, HKEX proposed to amend open position reporting. HKEX proposed to amend position limits, large open position reporting requirements. Follows HK SFC April 2022 proposed changes to position limit regime. Position Limits Add 2 tiers of 200k, 250k contracts to single stock option (SSO) position limit model. Introduce a 5-tiered exchange-level position…
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Turkey – New Short Selling Bans Effective
On 6 June 2022, Rulefinder alerted users to new and extended temporary short selling bans in issuers. Effective Date: 7 June 2022
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S Korea – FSS Meet to Prevent Illegal Short Selling
On 31 May 2022, SK FSS held executives meeting on preventing illegal short selling. Will establish a short selling investigation team in June to strengthen investigations on short sale violations, instructed to take strict measures against illegal short selling. Conduct investigation into areas with high probability of violations of short selling.
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U.K. – Takeover Panel Makes Amendments to Takeover Code
On 5 May 2022, UK TO Panel issued various amendments to takeover code. UK TO Panel published amendments to the takeover code publication of RS 2021/1, on Miscellaneous Code amendments, RS 2022/1 on Removal of restriction on anonymous order book dealings, as well as Instrument 2022/3, that dealt with Document Charges. Various documents dated 5…
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