On 1 September 2021, EU ESMA published an updated version of its practical guide to the national rules on notifications of major shareholdings under the Transparency Directive. New version of the guide incorporates changes to information re Iceland and Italy, while information re the UK was removed following end of Brexit transition period.
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U.S. – ICE Fines for Excess Position Limits
On 31 August 2021, ICE FUS fined Aspire $700k for excess position limits. ICE FUS settled with Aspire Commodities, LLC, for position limits rule violations. Allegations Between the 2019 and 2021 expiration periods for the Henry LD1 Fixed Price Future, Aspire held positions in excess of the applicable spot month positions limits. Positions did not…
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S Korea – FTC Disclose Internal Transactions
On 31 August 2021, SK FTC made amendments to regulations on public disclosure of important matters of companies belonging to corporate groups subject to disclosure. To enhance convenience for users by increasing specificity of disclosed information by adding transaction status by industry, quarterly transaction amount, for some items. Add disclosure of details of internal transactions…
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France – CMP Joint Takeover Approved
On 30 August 2021, FR CMP issued a green light for joint takeover of Miniburo. FR CMP confirmed that on 10 August 2021, it had given the green light for the joint takeover of Miniburo by the French Deposit and Consignment Office (CDC) and Nexity. Summary Miniburo is a company that will offer coworking spaces…
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S Korea – Temporary Short Selling Ban
On 30 August 2021, it was announced by the Korean Exchange that there are three (3) issuers' shares subject to a one-day short selling ban. This ban is effective 31 August 2021 for one trading day.
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Malaysia – Extends Existing Short Selling Ban
On 26 August 2021, MLY SCM further extended the suspension of intraday short selling by proprietary day traders (PDT Short Sale) to 31 December 2021. Follows careful consideration of various initiatives currently undertaken to strengthen control measures for intraday short selling activities to promote market stability.
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