On 26 August 2021, MLY SCM further extended the suspension of intraday short selling by proprietary day traders (PDT Short Sale) to 31 December 2021. Follows careful consideration of various initiatives currently undertaken to strengthen control measures for intraday short selling activities to promote market stability.
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SWI – GVT Foreign Investment Control
On 25 August 2021, SWI GVT issued rules on foreign investment control. SWI GVT Federal Council set parameters for monitoring investments in Switzerland. Aimed to implement motion 18.3021 Rieder Protecting Swiss economy by controlling investments; the project will probably be put for consultation at end of March 2022. The Federal Council has so far spoken…
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SWE – FI Fines for Late Shareholding Disclosure Reporting
On 23 August 2021, SWE FI fined Redmile Group SEK 1mn for late shareholding reporting. SWE FI issued penalty fee for Redmile Group for late flagging in Hansa Biopharma. Background On 9July 2020, Redmile Group, LLC announced it had increased its shareholding in Hansa Biopharma AB so that it exceeded five percent of all shares…
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PHI – SEC ASEAN Investment Company
On 17 August 2021, PHI SEC issued update confirming that qualified investment firms from Philippines may now offer shares to Malaysia, Singapore, Thailand, vice versa. Follows issue of rules in memorandum circular which apply to investment companies incorporated in Philippines who intend to participate, as well as foreign CIS of member jurisdictions that will offer…
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U.S. – SEC EDGAR APIs, Disclosure Access
On 19 August 2021, SEC reported API interfaces to consolidate EDGAR data. SEC announced application programming interfaces (API) to aggregate EDGAR data. To allow parties to easily obtain financial statements and disclosures of traded firms. Objective to ensure developers and third parties can create mobile/web applications. That allow retail investors to quickly retrieve public firm…
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U.S. – SIFMA Move to T+1 Settlement Cycle
On 17 August 2021, SIFMA, ICI & DTCC wrote to SEC on progress around the t+1 effort. Nearing end of analysis of work needed to get to T+1, continue industry collaboration. These changes include global settlements, documentation impacts, corporate actions, securities issuance, and impacts on coordination for mutual fund portfolio securities. Significant changes for prime…
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