On 22 February 2022, Rulefinder alerted subscribers to new short selling bans in issuers in S Korea effective 23 February 2022.
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Russia – GVT Restoring Beneficial Owner
On 16 February 2022, RUS GVT amended law regarding foreign legal entity. RUS GVT issue law making amendments to Articles 28 and 29 of the law on protection of competition and law on the procedure for making foreign investments in business companies of strategic importance for ensuring national defense and state security. Provides for specifics…
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U.S. DOJ Investigates Coordination within Short Selling
On 16 February it was reported by the WSJ that the U.S. Justice Department is investigating whether short sellers have been sharing negative research reports in order to drive down stock prices. Background DOJ investigation led in part by the US Attorney's Office in Los Angeles Seized hardware, communications, and trading records of some firms…
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Australia – GVT Foreign Investment Reforms
On 14 February 2022, AST GVT, AST FIRB on foreign investment reforms. AST GVT issued exposure draft regulations on foreign acquisitions and takeovers amendment regulations 2022; discussion paper on 2022 foreign investment reforms. The exposure draft regulations are an immediate response to the final report on the evaluation of the 2021 foreign investment reforms which…
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Denmark – FSA Disclosure Regulation Errors
On 10 February 2022, DEN FSA confirmed errors within the Danish translation. DEN FSA received a number of inquiries regarding translation of definition of financial advisers in Article 2, no. 11, letter d, of regulation, citing a poor Danish translation. Follows DEN FSA December 2021 issued Disclosure compliance study. Summary DEN FSA seeks to draw…
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U.S. – SEC Proposed Changes to 13D and 13 G Reporting
On Feb. 10, SEC proposed to amend beneficial ownership reporting. SEC proposed to amend certain rules that govern beneficial ownership reporting. Modernize filing deadlines for beneficial ownership reports filed on Schedule 13D, 13G. Accelerate the filing deadlines for Schedules 13D beneficial ownership reports from 10 days to five days and require that amendments be filed…
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