On 20 April 2026, the Netherlands Authority for the Financial Markets (AFM) imposed an administrative fine of €297,000 on Arrowstreet Capital, Limited Partnership. Background: Arrowstreet acted in violation of short selling regulations between July 2020 and November 2024 Structurally underselling short positions reported and disclosed Failure to disclose short selling in a timely manner Arrowstreet…
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Thailand – GVT Major Shareholder Definition
On 16 April 2026, Thai GVT proposed revising definition for derivatives firms. Thai GVT said Thai SEC commenced consultation on a draft notification revising the definition of major shareholder for derivatives business operators. The objective is to strengthen oversight by capturing the true controlling persons and aligning rules with those applied to securities firms and…
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Hong Kong – SFC Updates Takeover Table
On 20 April 2026, the SFC updated the Takeover Table with the following: offer period for ETS Group Limited (stock code: 08031) closed on 20 March 2026; offer period for Man Shun Group (Holdings) Limited (stock code: 01746) closed on 2 March 2026; offer period for Thelloy Development Group Limited (stock code: 01546) closed on 10 April…
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France – AMF Insider Trading Decisions Re: Takeover
On 13 April 2026, FR AMF welcomed first criminal decisions in insider trading case. FR AMF welcomed Paris criminal court's conviction of three individuals for insider dealing and complicity, in a landmark case involving insider trading networks. These are the first criminal penalties specifically targeting insider trading networks, which the AMF identifies as a growing…
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U. K. – FCA Issues Final Short Selling Rules
On 15 April 2026, the FCA published a Policy Statement (PS26/5) with final rules for short selling. These will create a new Sourcebook, within the FCA Handbook. The new short selling regime will apply from 13 July 2026. The final rules make changes in the following areas: UK sovereign debt and UK sovereign credit default…
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Hong Kong – SFC Updates Substantial Shareholding Notices and Takeover Table
On 14 March 2026, the SFC updated substantial shareholding notices and the Takeover Table with the following: Substantial Shareholding in Modern Chinese Medicine Group Co., Ltd. (Stock Code: 01643) and, an offer period has commenced for Somerley Capital Holdings Limited (stock code: 08439) from 13 April 2026.
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