On 9 February 2022, SEC proposed to shorten settlement cycle to reduce risks. SEC requests comment on a proposal to reduce risks in clearance and settlement. Would shorten standard settlement cycle for most B/D transactions in securities from two business days after trade date (T+2) to one business day after trade date (T+1). Designed to […]
In December, ACPR issued 3 instructions regarding requests/reporting re takeovers and holdings by banks, investment, financing firms. These changes were entered into the ACPR Official Register on 1 February. Instructions Instruction 2021-I-18 relating to requests for takeover or qualifying holdings by credit institutions, requires submission of complete application file using form in the annex. Form […]
On 4 February 2022, IND FIA issued eligible liquid securities for the month of February 2022. Background: IND FIA updated on the eligible securities for the short selling of the Government of India liquid securities applicable for the month of September 2021. As per RBI guidelines, banks/PDs can short sell eligible IND GVT securities up […]
On 4 February 2022, LUX CSSF issued amendment to the short selling notification threshold. LUX CSSF published circular 22/798, dated 1 February 2022, amending circular 12/548. Follows EU CMSN September 2021 adopted regulation re net short threshold. Also follows ESMA January 2022 issued statement on net short positions. Summary The amendment reflects the changes made […]
On 4 February 2022, Rulefinder identified new and updated temporary short selling bans in issuers in Turkey.
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 […]