On 17 September 2024, ESMA issued FAQ on determination of net short position. ESMA issued new FAQ concerning the Short Selling Regulation (SSR Reg 236/20212). Determination of Net Short Position Q: ESMA_QA_2282 Asks, when calculating net short positions in relation to issuers having both listed and non listed shares, should the issued share capital also…
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Japan – FSA Proposed Revisions Proprietary Trading (incl. Takeovers)
On 13 September 2024, JPN FSA proposed revisions re proprietary trading system. JPN FSA proposed revisions to cabinet orders and cabinet office ordinances with regard to the Financial instruments and exchange act (FIEA) enacted on 22 May 2024. Follows JPN FSA December 2022 issued 2nd interim report of market system working group. Also follows JPN…
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Taiwan – SET Revised Regulations to Enhance Supervision Re: Short Selling
On 21 June 2024, Thai SET revised regulations (re: short selling) to enhance supervision. Thai SET revised regulations to enhance supervision, covering short selling, high-frequency trading (HFT), disclosure of investors with inappropriate trading behavior. Document dated 21 June 2024, received from Thai SEC 13 September 2024. Revisions Criteria for market capitalization increased; the average monthly…
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Bulgaria – FSC Changes to Substantial Shareholding Form
On 12 September 2024, BUL FSC advised of substantial shareholding form and notification submission change. BUL FSC outlined change to substantial shareholding form and submission method for notification of substantial shareholding (notification under article 145) by shareholders in public companies. Summary Applies to those passing thresholds of 5% or multiples of 5% of voting rights…
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16 September – India SEBI Fines For Inaccurate Shareholding Disclosures
India SEBI Fines For Inaccurate Shareholding Disclosures
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Japan – SESC Disclosure (incl. Substantial Shareholding) Inspections 2023
On 11 September 2024, JPN SESC issued disclosure inspection casebook for 2023. JPN SESC published the annual disclosure inspection casebook for fiscal year 2023, to encourage market participants to take steps toward proper information disclosure (i.e. substantial shareholding). To present JPN SESC's recent efforts in inspections and details of substantial shareholding disclosure violations. Follows JPN…
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