On 15 February 2022, POL FSA announced final decision on fine re GetBack. POL FSA confirmed that on 11 February 2022, it issued a final decision, upholding decision of 16 December 2020 on imposition of fine on the former member of board of GetBack SA. Follows POL FSA September 2021 reported on fines for former…
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Norway – Europalov Short Selling Regulation
On 18 February 2022, Europalov announced EEA memorandum on reporting threshold for short selling of 17 February 2022. The regulation must be implemented in Norwegian law by incorporation, so provision is included in law or regulation that it applies as law or regulation, respectively. Its implementation will not have significant financial consequences for NORFSA. It…
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Rulefinder Alerts to New Short Selling Bans
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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