On 27 December 2021, Borsa Istanbul announced a new temporary short selling ban in shares of Eczacibasi Yatirim Holding Ortakligi A.S. and it also extended the short selling ban in MIA Teknoloji A.S. Effective Date: Starting on 28 December 2021 through 27 Jan 2022.
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Germany -BaFin Commodities Position Limits
On 21 December 2021, GE BaFin sets draft position limit for significant contracts. GE BaFin announced hearing on the setting of a new position limit for Phelix Power DE Future (Base) contracts, Phelix Power DE Option (Base) contracts (EU Enrg EEX). Issued a general ruling to take effect on 28 February 2022 from which date…
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Turkey – EXC Uptick Rule Extended
On 21 December 2021, TUR EXC confirmed that the uptick rule in short selling has been extended to 12 December 12, 2021; therefore the rule will be valid on 12 December 2021 as well. Follows TUR EXC 21 December 2021 announcement of decision that the up-tick rule in short selling transactions is to be valid…
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Ireland – Takeover Panel Issues Consultation Paper
On 21 December 2021, the Irish Takeover Panel published a consultation on proposals to amend its Takeover Rules and Substantial Acquisition Rules. Background: Update both the Rules and SARs to account for developments in takeover practice and changes in legislation. Considers amendments that have been made in the UK to its Takeover Code in recent…
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U.K. – Gov’t Updated National Security and Investment Act
On 17 December 2021, UK GVT updated National security and investment act guidance. Added NSI notification service forms to provide details of the information required when submitting a notification; the service goes live on 4 January 2022.
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Malaysia – Short Selling ‘At-Tick’ Rule Applies
On 17 December 2021, MLY SCM, BML informed that the temporary suspension on IDSS and PDT short selling will be lifted on 1 January 2022, after suspension expires on 31 December 2021. IDSS and PDT short selling will resume with enhanced control measures to ensure stability and orderly trading; orders must be entered in accordance…
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