On 19 January 2025, SK FSS, KRX proposed short selling guideline, regulations. SK FSS, KRX issued the final draft of the Integrated short selling guidelines while promoting conversion of the related administrative guidance into detailed regulations. In addition, proposed KRX regulations and detailed regulations on short selling. Follows SK FSS June 2024 proposed short selling…
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S Korea – FSS Follow-up Short Selling Measures
On 17 January 2025, SK FSS proposed revisions to improve short selling system. SK FSS proposed revisions to Detailed regulations on financial investment business. Follows SK FSC June 2024 launched short selling reform measures. Overview of Proposed Revisions Stipulate requirements that companies intending to engage in short selling must fulfill in terms of internal control…
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U.K. – Treasury Issues Short Selling Regulations 2025
On 14 January 2025, UK Treasury issued the Short Selling Regulations 2025. UK Treasury issued The Short Selling Regulations 2025 (StIn 2025/29), providing for short selling of shares, other financial instruments, transactions similar to short selling. On same day, UK Treasury issued law and memo on UK FCA supervision. Purpose When the UK left the…
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Pakistan – SEC Proposes Changes to Takeover Regulations
On 8 January 2025, PAK SEC issued proposal re listed companies takeover regs. PAK SEC issued consultation paper seeking feedback on improvements to Listed companies (substantial acquisition of voting shares and takeovers) regulations 2017. Aims to strengthen takeover transactions of listed companies' framework by enhancing transparency, introducing measures for safeguarding rights of minority shareholders. Follows…
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China – CSRC Threshold for Equity Changes Re: Shareholding
On 10 January 2025, CHI CSRC issued interpretation for acquisition / takeover measures. CHI CSRC issued Interpretation no. 19 to clarify, standardize the application of articles 13 and 14 of the Measures for the administration on acquisition / takeover of listed companies. Interpretation Details Thresholds of 5%, 1% in articles 13, 14 apply only to…
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Canada – CIRO Consultation RE: Short Selling Regulations
On 9 January 2025, CIRO proposed amendments on mandatory close-outs. CIRO proposed rule amendments respecting mandatory close-out requirements. CSA OSC and CSA Que also published proposed amendments in respective Bulletins. Redline and clean versions of proposed amendments in Appendix 1 and Appendix 2. Follows related CIRO request for feedback on short selling framework. Proposed Amendments…
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