On 23 September 2020, EU ESMA published opinions dated 2 September 2020 on position limits. ESMA’s opinions agree with the proposed position limits re: the EEX TTF Gas contract; the Nasdaq Oslo Nordic Power contract; and the Fish Pool Farmed Salmon contract.
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Thailand – SEC Regulation of Mutual Funds
On 18 September 2020, Thai SEC removed the restrictions on holding of investment units to reduce obstacles in expanding mutual fund size and compliance burden on businesses. Cancels restrictions on allocation and transfer of investment units, changes reporting requirements and amends the percentage of unit-holders holding investment units. The management company must not count the…
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Sweden – FI Short Selling Reporting Portal Launch
On 21 September 2020, SWE FI announced short selling reporting system launch. SWE FI announced new reporting system for short selling being launched this week. Blankningswebben will be available to position holders and reporters this week. Reporting via email will be possible for two weeks only after Blankningswebben launch. Effectiveness SWE FI to release exact…
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Finland – FSA Net Short Position Limit
On 21 September 2020, FINFSA said short selling reporting limit still 0.1%. FINFSA requires notification from a natural or legal person holding a net short position. Where short in a share trading on a regulated market, notify competent authority of details of position if it reaches, exceeds or falls below 0.1% of the issued share…
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Australia – Consultation on Foreign Investment Reforms
On 18 September 2020, AST GVT issued two exposure drafts for stakeholder feedback. Foreign investment reform (protecting Australia’s national security) regulations 2020 and foreign acquisitions and takeovers fees imposition regulations 2020. The exposure draft on regulations includes remainder of regulations, namely on time limit of call in power, streamlining measures, integrity and technical amendments. The…
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E.U. – ESMA Extends 0.1% Net Short Position Reporting Threshold
On 17 September 2020, ESMA has renewed its decision requiring holders of net short positions to report positions of 0.1% and above. The measure applies from 18 September 2020 for a period of three months.
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