On 6 May 2021, the Korea Exchange announced a temporary short selling ban for two securities for one trading day.
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Ireland – CB Adopt MiFID Regulation
On 28 April 2021, IRE GVT issued amendment to EU (Markets in Financial Instruments) Regulations to implement EU Dir 2020/1504, effective 10 November 2021. Provides that the regulations do not apply to crowdfunding service providers.
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UK – Parliament National Security, Investment Act
On 29 April 2021, UKP announced bill received royal assent, following agreement by both Houses on text of the bill, therefore the bill is now an act of parliament (law). New act intended to modernize UK GVT powers to investigate, intervene in potentially hostile foreign direct investment, while promoting UK as attractive place to invest.…
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Ireland – GVT Beneficial Owner Regulations
On 27 April 2021, IRE GVT issued beneficial ownership regulations. IRE GVT issued EU (anti-money laundering: beneficial ownership of trusts) regulations. Follows 30 June 2021 IRE GVT issue of rules on certain financial vehicles. Summary The regulations implement the rules in article 31 of directive 2015/849 of European Parliament and Council of 20 May 2015,…
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India – SEBI Fines for Failure to Disclose Substantial Shareholdings
On 16 April 2021, SEBI issued a fine against Chaitya Rajesh Shah for his failure to make substantial shareholding disclosures for shares held in Gitanjali Gems Ltd.
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SKorea – FSC Tightens Short Selling Rules
On 27 April 2021, SK FSC said its chairman took part in short selling mock testing to resume trades. Financial investment-related entities and securities houses also participated, to carry out a final test to ensure normal operation of related computerized systems. Mock testing covered the entire process, with particular focus on compliance with obligation to…
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