On 8 July 2021, GRE HCMC stressed need to comply with EU regulations. GRE HCMC emphasized the need of market participants to comply with EU regulations on short sales, following GRE HCMC's previous announcement on 22 April 2021. Follows ESMA April 2020 issued positive opinions on ban extensions Summary Market participants must comply with ITS…
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India – SEBI Takeover Disclosure Rules
On 6 August 2021, IND SEBI board said it has decided to do away with certain disclosure obligations for the acquirers/promoters pertaining to acquisition or disposal. This is acquisition or disposal of shares aggregating to 5% and change of 2% after, annual shareholding disclosures and creation/invocation/release of encumbrance registered in depository systems under takeover regulations…
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U.S. – CBOE Increase Options Position Limits
On 5 August 2021, SEC issued notice of CBOE filing of amendment no. 1, and order instituting proceedings on whether to approve proposal, as modified by amendment. Amendment No. 1 reduced proposed position limit for GLD options from 1mn contracts to 500,000 contracts, and provided additional justification in support of the proposal. Comments due 21…
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Rulefinder Reports Temporary Short Selling Ban
On 9 August 2021, Rulefinder reported a temporary short selling ban effective on 10 August 2021.
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India – SEBI Foreign Portfolio Investor Guidelines
On 4 August 2021, IND SEBI modified the operational guideline for foreign portfolio investors (FPIs) and custodians and designated depository participants (DDPs). To operationalize amendment to SEBI (foreign portfolio investors) regulations, 2019. Modified guidelines to say the contribution of resident Indian individuals shall be made through the liberalized remittance scheme (LRS) notified by Reserve Bank…
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FINRA – Extends Short Sale Reporting Comment Period
On 4 August 2021, FINRA requested extended comment period on short sale reporting changes. FINRA issued Regulatory Notice 21-19: FINRA requests comment on short interest position reporting enhancements and other changes related to short sale reporting. Short Sale Reporting Proposal Modifications proposed to FINRA short interest reporting requirements, to consolidate publication of short interest data…
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