On 11 February 2020, the Regulatory Reporting System alerted clients to a temporary short selling ban in an issuer in Turkey effective 12 February through 26 February.
Read more
E.U. – ESMA Position Limits Under MIFID II
On 7 February 2020, ESMA issued opinions on position limits under MIFID II. 7 opinions on position limits re commodity derivatives under MIFID II/MIFIR issued. Follows ESMA January 2019 issued commodity position limits under MiFID. Overview Opinions agree with proposed position limits re ICE Endex Dutch TTF Gas contracts, EEX Phelix DE Base Power contracts,…
Read more
Rulefinder Reports Temporary Short Selling Ban
On 10 February 2020, Rulefinder reported temporary short selling bans in two countries.
Read more
India – SEBI Foreign Portfolio Investors
On 4 February 2020, IND SEBI updated on common application form for FPIs. Issued circular on common application form (CAF) for foreign portfolio investors (PFIs) 27 January 2020, IND GVT notified common application form (CAF) for FPI registration. And for allotment of permanent account number (PAN) and KYC for opening account. Applicants seeking FPI registration…
Read more
Brazil – CVM Investment Funds Shares
On 4 February 2020, BRZ CVM issued rules for investment funds managers. Circular with clarifications on disclosure, by investment fund managers intermediated by account, order of information re application and redemption time limit for shares. Overview In account and order intermediation, independent intermediary is hired by fund to distribute its shares, as provided for in…
Read more
Ireland – CB UCITS FAQs Amendments
On 29 January 2020, IRE CB issued twenty eighth edition of FAQ on UCITS. New Q&D ID 1094 relates to UCITS investment in CFDs, CLOs, CoCos, binary options. Also explains how this may be subject to enhanced scrutiny at the authorization phase.
Read more