On 1 February 2022, IOM FSA, IOM GVT issued beneficial ownership proposals. IOM GVT published a consultation on the proposed new Civil Penalties Regulations. Overview Feedback sought on measures to encourage compliance with beneficial ownership law. Broadens scope of Beneficial Ownership Act 2017 contraventions for which civil penalty can be considered, including where currently only…
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Hungary – CB Short Selling Positions Reporting
On 31 January 2022, HUN CB updated on reporting short net positions duty. HUN CB announced an amendment to EU reg on short selling positions reporting is in force. Investing companies and natural persons must report all net short positions that reach or exceed 0.1% of issued shares of listed company involved in the investment.…
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U.S. – SEC Comment Request for Form 13F
On 27 January 2022, SEC issued extension of info collection, revised burden estimates. Comments on collection due 30 days from publication of extension, by 26 February 2022. Background: On 14 December 2021, SEC issued a notice requesting comment on Form 13F. SEC issued a notice requesting comments on revisions to Form 13F, for institutional investment…
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Denmark – FSA Short Selling Reporting Threshold
On 27 January 2022, DEN FSA announced EC decided to permanently reduce the limit for short selling reporting; the limit value changed to 0.1% of the issued share capital. The reduction follows the recommendation from ESMA and is effective as of 31 January 2022. ESMA wanted a better database to assess the extent of short…
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Germany – BaFin Updates Short Selling Reporting FAQs
On 26 January 2022, GE BaFin issued updated notification and publication FAQs. GE BaFin issued an updated set of FAQs relating to the notification and publication requirements on short selling, as well as on certain aspects of credit default swaps. Summary The FAQs all relate to Article 5 et seq. of Reg 236/2012, the Short…
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E.U. – ESMA Clarifies Net Short Selling Reporting
On 26 January 2022, ESMA issued statement on reporting net short positions. ESMA published statement to clarify how to report net short positions (NSPs) between January 28 and 31, 2022, when the short selling reporting threshold changes from 0.2% to 0.1%. Follows EU CMSN September 2021 adopted regulation short selling threshold. Statement Provides background of…
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