On 1 June 2023, Rulefinder alerted to a new temporary short selling ban in S Korea. This short selling ban will be effective for 2 June 2023.
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Australia – ASIC Action re Failing to Disclose
On 26 May 2023, AST ASIC said former Copper Strike Ltd director charged. AST ASIC said former listed company director of Copper Strike Ltd was charged in AST Court with failing to disclose interests as well as providing false information to ASX. Background AST ASIC said that failure by a director to disclose all of…
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Philippines – PSE Exec Pushes for Short Selling
Philippine Stock Exchange chief executive Ramon Monzon believes allowing short selling could help attract foreign money from global hedge funds. but is facing opposition to his plans from local regulators.
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E.U. – ECB Issues Guide on Qualifying Holdings Procedures
On May 23, 2023, ECB issued final Guide to qualifying holding procedures, as well as responses received to consultation, feedback statement, guide will increase clarity. Clarifies how supervisors assess applications to acquire qualifying stakes in banks, will support applicants intending to acquire holdings by explaining supervisory actions. Guide also provides information on complex acquisition structures,…
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Estonia – GVT Foreign Investment Permit
On 19 May 2023, EST GVT issued draft procedure for permit application. EST GVT issued draft bill on procedures of Foreign Investment Commission and procedure for submitting application for a foreign investment permit, for consultation. Permit Application Draft regulation on procedure for submitting an application for a foreign investment permit establishes list of documents to…
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Australia – ASIC Action re Naked Short Selling
On 22May 2023, AST ASIC said it banned former fund manager for 3 years. AST ASIC said it has banned former Gleneagle Securities fund manager and authorized representative Gregory Tolpigin from providing financial services for three years. Mr. Tolpigin was banned after he was found to have engaged in naked short selling. Follows AST ASIC…
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