On 15 April 2025, SK FSS held briefing session for global investment banks. SK FSS held a briefing session in Hong Kong for global investment banks and securities business association on the resumed short selling and capital market advancement. Will maintain short selling resumption policy, come up with policy to enable domestic affiliates of foreign…
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Canada – IIAC Short Selling Regulation
On 10 April 2025, CAN IIAC issued blog on US alignment to short sales. CAN IIAC issued blog on current short sales regulation in Canada and US alignment. Follows CIRO proposed amendments to align with SEC on close out. Short Sales Regulation Alignment Since move to T+1, no data in Canada to determine whether short…
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Thailand – SEC Securities Market Stability Re: Short Selling
On 11 April 2025, Thai SEC approved amendments to Thai SET regulations. Thai SEC approved amendments to Thai SET regulations to enhance order and stability in securities trading, particularly the Thai SET's proposal to strengthen short selling regulations by prohibiting short selling of stocks outside the SET100 index. Aims to reduce volatility in medium, small…
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Japan – FSA Securities Transactions Rules RE: Shareholding
On 11 April 2025, JPN FSA proposed revisions re securities transactions. JPN FSA proposed revising Cabinet office ordinance on definitions under article 2 of the financial instruments and exchange act and on restrictions on securities transactions. Plus, the Ordinance on solicitation to exercise voting rights of listed shares by proxy. Revisions re Article 2 of…
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Norway – FSA Fines for Short Selling Violations
On 10 April 2025, NORFSA published decision re short sale fine NOK 3,5 mn. NORFSA issued dec imposing a NOK 3,5 mn fine on Algorithmic Trading Group (ATG). Main Points Fine re ATG's sale of shares in 2024 in EAM Solar AS, listed at Euronext Expand. NORFSA found violations of Reg 236/2012 on short selling,…
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E.U. – ESMA Updates FAQS Re: Takeover Directive
On 7 April 2025, ESMA issued FAQs on exemptions for fungible securities. ESMA issued FAQs on new exemptions for fungible securities in Prospectus Regulation. Exchange Offers Q: ESMA_QA_2521 Does the exemption in Article 1(5)(ba) of Prospectus Regulation concern all exchange offers or only exchange offers falling within the scope of the Takeover Directive. Statement of…
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