On 3 January 2024, SK FSC issued details of decision to ban short selling. SK FSC issued minutes of 5 November 2023 meeting to ban short selling, details of the ban. Covers relevant markets, period, laws and regulations, transactions that are exempt. Follows FSC, FSS November 2023 banned short selling until end-Jun. 2024.
On 3 January 2024, SK FSC planned to improve public fund competitiveness. SK FSC, SK FSS issued press release saying they are planning to improve the competitiveness of publicly offered funds, with focus on 9 specific areas to reduce transaction costs, enhance product marketability, improve transaction convenience. Summary Institutional improvements involve increasing credibility, accountability for […]
On 29 December 2023, FR GVT published law on the threshold of voting rights. FR GVT issued decree no. 2023-1293 relating to foreign investments in France (IEF). Measure to control crossing of 10% threshold of voting rights by a non-European investor in listed companies will be made permanent, scope of control extended. IEF Control Control […]
On 28 December 2023, TAI FSC issued order for the amendment on article 2 and 8 of Standards governing eligibility of securities for margin purchase and short selling. TAI EXC also issued press release re the amendment, to be effective on 1 January 2024.
On 26 December 2023, SK FSC discussed meeting of SK FSC (of December 22) re above, where it ruled 2 global investment banks’ (IBs) long-term non-leveraged short selling orders and consignments violated law; decided to file complaint, imposed KRW 26.52bn fine. SK FSC said this violation was of short selling restrictions under Capital markets act. […]
On 22 December 2023, BaFin issued updated major shareholding FAQs. FAQs regarding major shareholding, voting rights sections 6 (sec. 33 et seq.) and 7 (sec. 48 et seq.) of the Securities Trading Act (Wertpapierhandelsgesetz [WpHG]) were updated Question 6C: how multiple voting rights should be disclosed in a voting rights notification ; and Question 25: […]