On 16 March 2022, the SEC issued proposal in federal register, comments by 26 April 2022. Background: On 25 February 2022, the SEC proposed to enhance short selling disclosure reporting. Proposed Rule 13f-2 and Proposed Form SHO Rule 13f-2 designed to provide greater transparency via publication of short selling data. By requiring manager to…
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India – FIA Short Selling Gvt Securities
On 4 March 2022, IND FIA updated on eligible liquid securities for March 2022. Background: As per RBI guidelines, banks/PDs can short sell eligible IND GVT securities up to the regulatory limit, which is 2% of the outstanding stock or INR 500 Cr for liquid. Or 1% of the outstanding stock or INR250 Cr whichever…
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Australia – GVT Foreign Acquisition/Takeover
On 3 March 2022, AST GVT registered 27th compilation of the Foreign acquisitions and takeovers act 1975, showing text of the law as amended and in force on 23 February 2022. Includes changes made by the corporate collective investment vehicle framework and other measures act 2022 and lists unincorporated changes.
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E.U. – ESMA 2020 Short Selling Ban Impact
On 1 March 2022 ESMA issued a market impact analysis on short selling bans. ESMA issued a market impact assessment of the 2020 short selling bans in the EU. Follows ESMA May 2020 noted non-renewal of national short-sale bans. Market Impact The severe market stress of March 2020 pushed six European authorities to impose short…
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Russia – CB Rules on Qualified Investors
On 1 March 2022, RUS CB issued draft rules on securities and derivatives. RUS CB issued draft ordinance on securities and derivative financial instruments intended for qualified investors and on certain requirements for brokerage activities. Proposals Aims to protect individual investors, for risks of transactions with financial instruments. To prevent unqualified individual investors from accessing…
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U.K. – FCA MiFID Transaction Reporting
On 28 February 2022, FCA issued Handbook Notice 96 on reporting, passports. UK FCA issued the Technical Standards (Markets in Financial Instruments) (Transaction Reporting) Instrument 2022 (FCA 2022/4), as part of its Handbook Notice 96. Follows FCA Dec. 2021 issued CP21/35 quarterly consultation paper 34. Transaction Reporting Following consultation in CP 21/35, FCA Board has…
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