On 9 March 2020, BaFin proposed rules on company voting rights. BaFin introducing mandatory electronic transmission of voting rights notifications. Notification of Voting Rights Draft regulation issued proposing to amend the voting rights notification ordinance and thereby introduce the electronic transmission of voting rights notifications to BaFin. Note that FAQs will be published on the…
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E.U. – ESMA MiFID II Double Volume Cap
On 6 March 2020, EU ESMA issued updated public register with latest DVC dataset as per MiFID II, calculations for period 1 February 2019 to 1 January 2020 plus other updates. 58 new breaches i.e. 43 equities for 8% cap, applicable to all trading venues and 15 for 4% cap, that applies to individual trading…
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Indonesia – EXC Short Selling Ban
On 2 March 2020, IDN EXC updated efforts to maintain market continuity. Coordinated with FSA and Government to formulate initiatives and incentives in order to anticipate impact of the coronavirus on activities in the Indonesian Capital Market. Initiatives in order to maintain market continuity, in order to remain conducive and to maintain regular, fair and…
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Rulefinder Reports Temporary Short Selling Ban
On 5 March 2020, Rulefinder reported a temporary short selling ban in two countries.
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India – NSE Market Wide Position Limits
On 28 February 2020, NSE specified the position limits that will be reckoned 2 March 2020. Background On 31 December 2019, NSE updated on market wide position limits. In pursuance of the regulations of the futures & options segment, updated on the security wise market wide position limits, trading member wise position limits. The FII/FPI…
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China – GVT Revised Securities Law
On 29 February 2020, CHI GVT revised and adopted securities law. Securities law has been revised and adopted on CHI PRL 15th meeting, 28 December 2019. Follows fourth reading of securities law submitted on 24 December 2019. Amendments Registration-based system implemented for IPOs; companies no longer need advance approval from regulators and they are not…
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