On 7 March 2022, AST ASIC confirmed the firm had breached disclosure laws. AST ASIC confirmed Rio Tinto Limited had been found by AST Court to have breached the continuous disclosure law requirements as set out in the Corporations Act 2001. Follows AST ASIC March 2018 action vs. Rio Tinto, and ex-CEO, CFO. Background In […]
On 16 March 2022, the SEC issued proposal in federal register, comments by 26 April 2022. Background: On 25 February 2022, the SEC proposed to enhance short selling disclosure reporting. Proposed Rule 13f-2 and Proposed Form SHO Rule 13f-2 designed to provide greater transparency via publication of short selling data. By requiring manager to […]
On 4 March 2022, IND FIA updated on eligible liquid securities for March 2022. Background: As per RBI guidelines, banks/PDs can short sell eligible IND GVT securities up to the regulatory limit, which is 2% of the outstanding stock or INR 500 Cr for liquid. Or 1% of the outstanding stock or INR250 Cr whichever […]
On 3 March 2022, AST GVT registered 27th compilation of the Foreign acquisitions and takeovers act 1975, showing text of the law as amended and in force on 23 February 2022. Includes changes made by the corporate collective investment vehicle framework and other measures act 2022 and lists unincorporated changes.
On 1 March 2022 ESMA issued a market impact analysis on short selling bans. ESMA issued a market impact assessment of the 2020 short selling bans in the EU. Follows ESMA May 2020 noted non-renewal of national short-sale bans. Market Impact The severe market stress of March 2020 pushed six European authorities to impose short […]
On 1 March 2022, RUS CB issued draft rules on securities and derivatives. RUS CB issued draft ordinance on securities and derivative financial instruments intended for qualified investors and on certain requirements for brokerage activities. Proposals Aims to protect individual investors, for risks of transactions with financial instruments. To prevent unqualified individual investors from accessing […]