On 1 August 2021, FR GVT published seven orders dated 28 July 2021 amending existing legislation to allow further transposition of EU investment firms directive. The first order amends a previous order of 3 November 2014 and specifies the rules making it possible to define supervisory authority on consolidated basis of a company group. The…
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Luxembourg – CSSF UCITS Circular Updated
On 30 July 2021, LUX CSSF highlighted changes made to circular CSSF 11/509 by cir 21/778 to include modifications re law of 21 July 2021 transposing dir 2019/1160. Also referred to new FAQs issued for notification procedures and stated that regarding pre-marketing notifications of AIFMs, a new dedicated page is also available. Follows LUX GVT…
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U.S. – FINRA Short Interest Reporting Dates
On 29 July 2021, FINRA published short interest reporting dates for 2021. FINRA published a schedule containing firm short interest reporting dates for 2021. Short Interest Reporting Firms required to report short interest positions in all customer, proprietary accounts. Short interest positions required to be reported for all equity securities twice a month. Must be…
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E.U. – ESMA MiFID RTS2 Annual Review
On 28 July 2021, ESMA issued MiFID/MiFIR annual review report on RTS 2. ESMA published MiFID II/MiFIR Annual review report under EC reg 2017/583 (RTS 2). Follows ESMA May 2021 sought input on RTS 2 annual review report. Recommendations ESMA suggests to the European Commission to move to stage 3 for the average daily number…
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Rulefinder Reports Temporary Short Selling Ban
On 29 July 2021, Rulefinder reported a temporary short selling ban effective on 30 July 2021.
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Australia – GVT Foreign Investment Reforms
On 27 July 2021, AST GVT consulted on foreign investment reforms review. AST GVT issued consultation on its evaluation of the 2021 foreign investment reforms. Follows AST FIRB February 2021 started evaluation of investment reforms. Foreign Investment Reforms Reforms updated the framework in 3 broad ways: addressed national security risks; strengthened existing system; streamlined investment…
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