On 16 November 2021, CHI NEEQ investigated Gangbao disclosure violation. CHI NEEQ investigated a disclosure violation by Gangbao, an innovation tier company. Violation Nanjing Iron and Steel Company, the controlling shareholder of Gangbao, had disclosed its plans to carve out Gangbao's shares for listing on Beijing Stock exchange. Gangbao failed to disclose this on the…
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Russia – NFA Securities Lending Documents
On 12 November 2021, RUS NFA considered terms for external consultants. RUS NFA group members considered options for choosing a consultant for the audit of legislation and a law firm for adapting documentation, writing model agreement terms. Benefits from introducing this product are: abandoning pseudo-loan transactions - repo transactions with a small rate and a…
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Australia – ASIC Securities Lending Rules
On 11 November 2021, AST ASIC released a report highlighting the key issues that arose out of the submissions received on consultation paper 319 securities lending by agents and substantial shareholding disclosure (CP 319) and details ASIC's responses. It also covers the targeted consultation on the remake of class order [CO 11/272] substantial shareholding disclosure:…
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Rulefinder Alerts to Temporary Short Selling Ban
On 12 November 2021, Rulefinder provided warning to an upcoming short selling ban affecting two issuers in S Korea effective on 15 November.
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U.S. – FINRA Posts 2022 Short Interest Reporting Dates
On 10 November 2021, FINRA published short selling reporting dates for 2022.
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U.S. – CFTC Fine CPO Disclosure Violations
On 8 November 2021, CFTC, fined CPO for failure to disclose trade position limits. CFTC announced charges against United States Commodity Funds LLC for failing to fully disclose information relating to trading limitations to commodity pool participants. SEC settled a parallel action on US Commodity Funds, and US Oil Fund. US Commodity Funds, USO agreed…
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