On 1 March 2022 ESMA issued a market impact analysis on short selling bans. ESMA issued a market impact assessment of the 2020 short selling bans in the EU. Follows ESMA May 2020 noted non-renewal of national short-sale bans. Market Impact The severe market stress of March 2020 pushed six European authorities to impose short…
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Russia – CB Rules on Qualified Investors
On 1 March 2022, RUS CB issued draft rules on securities and derivatives. RUS CB issued draft ordinance on securities and derivative financial instruments intended for qualified investors and on certain requirements for brokerage activities. Proposals Aims to protect individual investors, for risks of transactions with financial instruments. To prevent unqualified individual investors from accessing…
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U.K. – FCA MiFID Transaction Reporting
On 28 February 2022, FCA issued Handbook Notice 96 on reporting, passports. UK FCA issued the Technical Standards (Markets in Financial Instruments) (Transaction Reporting) Instrument 2022 (FCA 2022/4), as part of its Handbook Notice 96. Follows FCA Dec. 2021 issued CP21/35 quarterly consultation paper 34. Transaction Reporting Following consultation in CP 21/35, FCA Board has…
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Rulefinder Identifies New Temporary Short Selling Ban
On 2 March 2022, Rulefinder alerted subscribers to a new temporary short selling ban in South Korean issuer WIMCO.
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Thailand – SEC Define Institutional Investor
On 28 February 2022, Thai SEC revised the definitions for institutional investors. Thai SEC revised the definitions used for large and extra large institutional investor. Investor Definition Revision provides investors with access to more diverse fundraising and investments. Definitions will include those investors who have the ability to analyze and take risks in complex or…
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U.S. – SEC Short Selling Reporting Changes Proposed
On 25 February 2022, SEC proposed to enhance short selling disclosure reporting. SEC proposed new SRT Rule 13f-2, and corresponding Form SHO, require institutional investment managers to report short sale and related information on a monthly basis. SEC would then make aggregate data about large short positions, including daily short sale activity data, available to…
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