On 21 December 2020, SK FSC issued measures on market makers, short sell. SK FSC introduced measures to improve market maker rules and strengthen detection of illegal stock short-selling activities, to boosting accountability in the market. Follows 10 December 2020 national assembly passage of bill on illegal short-selling. Market Makers Recently, there have been concerns…
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EFTASA Net Short Selling Reporting Threshold
On 17 December 2020, EFTASA renewed decision for disclosure of net short positions 0.1% and over; with ESMA decision extends validity of previous measures. Both of the new decisions will apply from 19 December 2020, for a period of three months.
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E.U. – ESMA Short Selling Reporting Threshold
On 17 December 2020, EU ESMA renewed decision requiring net short position holders to report positions of 0.1% and over This will apply from 19 December 2020, for a period of three months.
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Bangladesh – SEC Shareholding Requirement
On 10 December 2020, BNG SEC issued directive on compliance of shareholding. BNG SEC issued directive regarding compliance of 30% shareholding requirement. Requirement If the sponsors/directors of any listed company fail to jointly hold minimum 30% shares of paid-up capital of a company all the time, SEC will impose certain actions. The company's board shall…
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Malaysia – Bursa Changes to Short Selling Reporting
On 16 December 2020, MLY SCM, BML announced uplifting of the temporary suspension of regulated short selling (RSS), and reviewed other market management measures. Suspension of RSS, scheduled to expire on 31 December 2020, will be uplifted on 1 January 2021. Will have enhanced control measures; daily gross short position limit for approved securities temporarily…
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Nigeria – SEC Large Share Disclosures
On 3 December 2020, NGR SEC issued disclosures on large share transactions. NGR SEC has asked dealers to comply with rules on disclosing big share transactions. Rule 56(1&2)(c) states single trades of 500,000 units to be disclosed within 24 hours. Dealers must say if they are making multiple deals for clients or for their own…
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