On 8 December 2022, AST GVT registered the Foreign acquisitions and takeovers fees imposition act 2015 in consolidated format, showing text as in force on 6 December 2022. Latest compilation (no 5) issued to reflect changes made by the Foreign acquisitions and takeovers fees imposition amendment act 2022, which was on registered 6 December 2022.…
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Australia – ASIC Short Selling Relaxation Extended
On 6 December 2022, AST GVT registered ASIC Corporations (Short selling) Amendment Instrument 2022/968, to amend 2018/745 detailed above, as from 7 December 2022. Extends hedging relief to permit naked short selling by a market maker of an interest in specified ETFs (approved ETFs) for the purpose of hedging risks arising from market making activities…
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Poland – GVT List of Holding Companies
On 6 December 2022 POL GVT issued regulation on list of holding companies. POL GVT issued ordinance on the list of holding companies and certain other entities. Summary The ord outlines requirements for upkeep of the list; a list should include: a LEI code-unique firm identifier, EKZ identification number from the register of foreign entities.…
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S Korea – FSC to Publish Short Selling Sanctioned Firms
On 1 December 2022, SK FSC strengthened the prevention of unfair transactions. SK FSC issued plans to disclose identity of entities committing unfair trading practices. For those who violate capital market regulations such as restoration of short selling and prohibition of market disturbances, fines and penalties will be imposed. Disclosure Initiative If an investigation led…
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Serbia – Will Substantial Shareholding Regime to TDA
On 6 January 2023, Serbia will align its substantial shareholding disclosure rules with the Amended Transparency Directive (TDA). Key Points: No changes to existing thresholds Deadline for filing substantial shareholding disclosures remains unchanged Effective: 6 January 2023.
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Israel – TASE Update to Short Selling Guidelines
On 1 December 2022, ISR TASE published approval by the authorities to amend TASE rules. Key Changes Delete the definitions lender member and borrowing member, correct the definitions sale missing, lender and borrower, and add a definition to missing balance. Amend definition of short selling so a customer who borrowed a security from a member…
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