In The News

S Korea – FSC Rules on Illegal Short Selling

On 13 January 2021, SK FSC gave notice of amendments to enforcement decree of the financial investment services and capital markets act; notice period 13 January to 2 February. Restrictions on participation by short selling persons during period of capital increase. Anyone who signs a transaction contract for future borrowing and short sale must keep…
Read more

E.U. – ESMA Agreed MiFID II Position Limits

On 13 January 2021, ESMA issued MiFID II commodity derivatives opinions. ESMA issued opinions on position limits for commodity derivatives under MiFID II, MIFIR, for EEX Phelix DE Power Base and EEX Phelix DE/AT Power Base contracts. Opinions ESMA found that the proposed position limits are consistent with the objectives established in MiFID II and…
Read more

E.U. – ESMA MiFID Transparency Calculations

On 8 January 2021, ESMA published first post-Brexit transparency calculations. ESMA issued first financial instruments transparency system (FITRS) file since Brexit. Follows ESMA January 2021 issued FIRDS files after end of transition period. FITRS Equity transparency calculation results delta file (DLTECR) has updated transparency calculation results for equity instruments with a UK venue as most…
Read more