In The News

Vietnam – MoF Considers Short Selling Options

On 11 November 2025,  Bloomberg reported that Vietnam's Ministry of Finance is considering allowing regulated short selling as soon as next year. plan is part of broader effort to upgrade the country’s stock market from frontier to secondary emerging status. SSC and other agencies tasked with looking at securities borrowing, lending and controlled short selling.
Read more

Hong Kong – SFC Illegal Short Selling Prosecution

On 6 November 2025, HK SFC commenced proceedings in illegal short selling case. HK SFC commenced criminal proceedings against Mr. Chan Hoi Shing and Mr. Li Po Ching for a fraudulent scheme involving illegal short selling. Allegations The alleged conduct occurred between 27 May 2020 and 29 December 2020 across shares of 28 Hong Kong-listed…
Read more

S Korea – KRX Short Selling Compliance Monitoring

On 5 November 2025, KRX proposed revising Detailed market surveillance regs. KRX proposed revisions to the Detailed regulations on market surveillance. Aims to revamp the short selling system, including the duty for members to monitor short selling activities and improve effectiveness of member compliance monitoring. Revisions eliminate the provision allowing the refund of membership penalties…
Read more

New Zealand – Fines for Market Manipulation Re: Substantial Shareholding

On 6 November 2025, NZFiMA alleged a retail investor manipulated STU shares. NZFiFMA filed civil proceedings against Franco Belgiorno-Nettis, a retail investor, for alleged market manipulation of Steel and Tube Holdings Limited (STU) shares. Allegations Between November 2020 and July 2023, Belgiorno-Nettis traded STU shares via accounts he held with ASB Securities; the orders repeatedly…
Read more

Saudi Arabia – MCI Amending Beneficial Ownership Rules

On 2 November 2025, SAU MCI consulted on amending the Beneficial Ownership Rules. Define real beneficiary as natural person with effective, ultimate control over company. Required company to collect sufficient, accurate, updating the data about its beneficial owner, recording it in a special register, in addition to submitting it to the Ministry. Exempted from disclosure…
Read more