On 28 June 2023, Rulefinder alerted to new temporary short selling bans in S Korea. Short selling bans effective for one day on 29 June.
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HK – SFC Charges 4 with Illegal Short Selling
On 23 June 2023, HK SFC said 4 people charged for illegal short selling. HK FSC said 4 suspects who were charged with securities fraud and illegal short selling appeared at the Eastern Magistracy; the case will be adjourned to Aug. 18, 2023. Discovered their suspicious trading activities during joint operation with the police. The…
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Australian – Gvt – Foreign Investment Registration
On 26 June 2023, AST FIRB announced that the new register to notify the Australian government of foreign investment actions taken will be introduced on 1 July 2023. The new register will hold details of foreign ownership of Australian assets, including residential land, commercial land, agricultural land, water interests, mining and exploration tenements, and some…
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Sweden – FSA Fines for Failure to Report Short Selling
On 26 June 2023, Sweden's FSA fined Modelio Equity AB for failure to report short selling. Modelio Equity AB failed to report threshold breaches in short selling on four separate occasions. Modelio crossed or fell below relevant reporting thresholds. Modelio has been ordered to pay a special fee of SEK 2.5M.
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Singapore – GVT Foreign Company Exemption
On 21 June 2023, SIN GVT issued exemption from section 379 regulations. SIN GVT published the Companies (listed foreign companies - exemption from section 379) regulations 2023 in the gazette, which come into operation on Jun. 28, 2023. Section 379 of the act requires a foreign company to maintain a register of members. Exemption A…
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EFTA – Short Selling Regulation Effective 1 August 2023
On 16 June 2023, EFTA confirmed that EEA JC decision in force on 1 August 2023. Notification of fulfillment of constitutional requirements of Iceland on 15 June 2023. Background: On 10 February 2023, EFTA updated on notification of significant positions. EFTA updated on reg 2022/27 amending reg 236/2012 as regards the adjustment of the relevant…
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