On 22 February 2021, EU ESMA issued the renewal decision of 16 December 2020, in EU OJ. The short selling threshold is in force from 19 December 2020 and applies for three months to 19 March 2021.
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South Korea – FSC Capital Market Disclosures
On 22 February 2021, SK FSC proposed amendment on disclosure regulations. SK FSC announced partial amendment to capital market research business regulations. As stock market volatility has increased, so has the need to strengthen investor protection, as well as improve the effectiveness of penalties for disclosure violations. Amendments Rate of imposition of penalties on collective…
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Rulefinder Reports Extension of Short Selling Ban
On 21 February 2021, aosphere's Rulefinder reported an extension of the temporary short selling ban in Malaysia. Learn more at Rulefinder.
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ESMA Opinions On Position Limits
On 17 February 2021, ESMA issued decision on delegation of powers re opinions. ESMA board of supervisors issued decision of 27 January 2021 on delegation of powers to its Chair for adoption of non-controversial opinions on position limits under MIFID II. Overview Art 57(5) of MIFID II requires competent authority to notify ESMA of the…
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Rulefinder Reports Changes to Foreign Direct Investments
On 17 February 2021, aosphere's Rulefinder reported changes to the FDI regime in Malta. Learn more about automated regulatory intelligence at Rulefinder.
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ECJ – Takeover Bids and Share Price
On 15 February, ECJ issued ruling on takeover bids share price calculation. ECJ ruling in case C-735/19 Euromin Holdings (Cyprus) Limited officially published. Overview Latvian court referred questions to EU Court on correct application of Takeover Bids directive (TOD) and scope for national law to set rules on price of shares, methods. Referral also asked…
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