On 14 January 2022, IND SEBI gazetted SEBI (foreign portfolio investors) (amendment) regulations, 2022, which will come into force on the date of their publication. Inserted section on exemption from strict enforcement of regulations in other cases. The board may grant relaxation from the strict enforcement of any of the provisions of these regulations, subject…
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U.K. – FCA Short Selling Indicator, UK MiFIR
On 13 January 2022, UK FCA reported on flexibility re short selling indicator. UK FCA announced temporary measures for reporting the short selling indicator in transaction reports while considering changes to the UK transaction reporting regime. Overview Transaction reports submitted to the FCA under UK MiFIR must contain designation to identify a short sale; information…
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Germany – BaFin Substantial Holdings of Voting Rights
On 10 January 2022, GE BaFin updated its webpage on substantial shareholdings of voting rights, replacing broken links, and expanding on information previously issued. Reminds users that from 1 July 2020 notifications of changes to voting rights must be in electronic format; transmission to BaFin is via the MVP portal. Users can register with BaFin…
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E.U. – EC Net Short Selling Notification
On 11 January 2022, EU CMSN issued regulation 2022/27 amending regulation 236/2012. As regards adjustment of threshold for notification of significant net short positions. Amends the current short selling notification threshold and sets it permanently at 0.1 %. Regulation in force on 20th day following publication in Official Journal, 31 January 2022.
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Taiwan – Major Shareholding Consultation Issued
On 11 January 2022, TAI FSC proposed amendments re shareholding ratio. TAI FSC proposed amendments to securities and exchange act re major shareholding. Amendments Lower the threshold for the declaration of substantial shareholding, from 10% to 5%. To allow sufficient time to prepare and respond to amendments of relevant supporting laws and regulations, a transition…
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E.U. – ESMA FIRDS Transparency System
On 6 January 2022, ESMA issued instructions on how to download results files. ESMA issued instructions of the Financial Instruments Reference Data System (FIRDS). Entitled as Instructions on how to download transparency results, for FIRDS files V1.4. Version 1.4 of instructions dated Oct. 11, 2021 was updated by EMSA on 6 January 2022. Follows ESMA…
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