On 30 September 2021, IRE CB fined Sarasin Funds Management €385,000. IRE CB reprimanded and fined Sarasin Funds Management (Ireland) Limited €385,000 for four admitted breaches of investment funds regulations from May 25-March 2, 2018. Appropriate fine of €550,000 reduced by 30% as per the settlement discount scheme. Background Authorized UCITS fund management firm, managed…
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Israel – TASE Extends Short Selling Consultation Deadline
On 29 September 2021, ISR TASE further extended deadline for consultation until 31 October. Key Changes Delete the definitions lender member and borrowing member, correct the definitions sale missing, lender and borrower, and add a definition to missing balance. Amend definition of short sale so a customer who borrows a security from a member and…
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India – SEBI Foreign Portfolio Investors Regulations
On 28 September 2021, IND SEBI approved the proposal to amend the SEBI (foreign portfolio investors) regulations, 2019 for permitting resident Indians (other than individuals) to become constituents of FPIs that are registered as AIFs in IFSCs.
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Rulefinder Reports Temporary Short Selling Ban Effective Today
On 30 September 2021, Rulefinder identified several temporary short selling bans effective 1 October 2021.
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E.U. – Commission Draft Regulation on Foreign Direct Investment Screening
On 29 September 2021, EU CMSN issued draft delegated regulation replacing the annex to regulation 2019/452 establishing framework for foreign direct investment screening. Screening regulation requires EU CMSN to update the list of projects and programs in regulation remit, the update will take into account developments since June 2020. New delegated regulation notes the projects…
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E.U. – Commission Adopts 0.1% Short Selling Threshold
On 27 September 2021, EU CMSN adopted regulation regarding the notification threshold. Article 1 amends Article 5(2) of the Short Selling Regulation by setting the threshold for notification to competent authorities of significant net short positions in shares to 0.1 % of issued share capital of the company concerned, and each 0.1 % above that.…
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