On 1 April 2021, SWE FI said it will investigate Nordnet Bank short selling. SWE FI reported survey on internal governance and control re short-selling ordinance. On how Nordnet Bank AB ensures customers who carry out short selling, will comply. Follows SWE FI February 2021 reminded market of the rules for short selling. Objective To […]
On 31 March 2021, UK TO Panel published response statement RS 2020/1. Also published individual responses received to PCP 2020/1, as well as instrument 2021/1, which makes the amendments to the code which were adopted in RS 2020/1. Amended code applied in relation to all firm offers announced in line with rule 2.7 on/after implementation […]
On 31 March 2021, IND BSE discontinued disclosure of holdings in companies. IND BSE discontinued the quarterly disclosure requirement by trading members on their holdings in various listed companies, effective from quarter ended March 2021. Disclosure of Holdings Notices issued in 2014 required members to disclose their holdings of 1% or more in listed companies […]
On 30 March 2021, SK FSC announced that amendments to the enforcement decree of financial investment services and capital markets act (FSCMA) have been approved. Revision created imposition of penalty surcharges on illegal short sale activities. Short sellers must keep their securities lending agreements for five years, to present to authorities upon request; decree prescribes […]
On 30 March 2021, IND SEBI issued additional guidelines to designated depository participants for processing FPI request to surrender registration and ensure uniformity. To make an application to SEBI for seeking no objection certificate for surrender, DDP shall confirm accounts have nil balance, no fees are due, no proceedings are pending. DDP shall ensure that […]
On 25 March 2021, SAU Tad amended short sale, securities borrowing rules. Saudi Stock Exchange (SAU Tad) and Securities Depository Center Company (EDAA) issued amended short selling and securities borrowing and lending (SBL) regulations. Also amended the Exchange and Centre Procedures and glossary of exchange rules. Follows February 2020 consultation with draft amendments to the […]