On 30 December 2025, TAI EXC amended Operating rules for securities firms handling margin purchases and short sales of securities, and issued explanatory note. In addition, TAI EXC amended the Contract for the handling by a securities firm of margin purchases and short selling in securities trading, and issued explanatory note. The amendments include introducing…
Read more
U.K. – FCA New Short Selling Regime
On 17 December 2025, UK FB issued response to FCA consultation on changes to short selling regime; welcomed proposed guidance and focus on technical refinements. UK FB's response addressed areas where it believes further changes could contribute to more competitive, agile, open short selling regime for firms operating in the UK. Supported proposal to create…
Read more
Thailand – SEC Proposal on Major Shareholders
On 24 December 2025, Thai SEC sought feedback on revising definition of major shareholders. Thai SEC said it is seeking public comments on the principles for revising the definition of major shareholders for securities businesses and digital asset businesses. Review is necessary because of increasing complexity of shareholding structures. Proposed Revisions Revisions include expanding the…
Read more
Hong Kong – Issues Consultation on Shareholding Virtual Assets
On 24 December 2025, Hong Kong’s Financial Services and Treasury Bureau (FSTB) and Securities and Futures Commission (SFC) published the consultation conclusions on the proposal to regulate Virtual Asset (VA) dealing and custodian services. They also issued a further consultation on proposals to establish separate licensing regimes for VA advisory and management service providers. Background:…
Read more
Switzerland – SECO Screen Foreign Investment
On 19 December 2025, SWI PRL announced it passed Lex China to control investments; screening law is intended to prevent takeovers that endanger public order or security. Background The Investment Screening Act requires pre-acquisition approval of a transaction if: a foreign state-controlled investor (includes legal entities directly/indirectly controlled by a foreign state body). Acquisitions by private…
Read more
Sweden – FI Fines Asgard Asset Management for Late Short Selling Reporting
On 18 December 2025, SWE FI issued special fee for late reporting of short selling. SWE FI imposed special fee on the company for late reporting of net short selling. It must pay special fee of SEK 2,500,000 for failure to notify SWE FI within prescribed time period the company's net short positions in SWE…
Read more