Sweden – FI Fines Asgard Asset Management for Late Short Selling Reporting

On 18 December 2025, SWE FI issued special fee for late reporting of short selling. SWE FI imposed special fee on the company for late reporting of net short selling. It must pay special fee of SEK 2,500,000 for failure to notify SWE FI within prescribed time period the company’s net short positions in SWE […]

Read More

India – SEBI Confirms No Changes to Short Selling Framework

On 21 December 2025, the Indian markets regulator, SEBI clarified that there is no change in the existing regulatory framework for short selling. Background: clarification comes after a media reported about changes in the short selling framework that would become applicable from December 22, 2025 in November, SEBI Chairman Tuhin Kanta Pandey stated that the […]

Read More

U.K. – Takeover Panel Minor Changes to Code

On 15 December 2025, UK TO Panel issued instrument and minor amendments. UK TO Panel issued minor amendments to Takeover Code, with instrument 2025/2. Changes do not materially alter effect of provisions so no consultation was needed. Amendments Rule 2.9 of the Code requires the offeree company, an offeror, and any publicly identified potential offeror […]

Read More

Hong Kong – SFC Updates Takeover Table

On 17 December 2025, the SFC updated the Takeover Table with the following: offer period for Twintek Investment Holdings Limited (Stock Code: 06182) closed on 16 December 2025; and new offer period has commenced for Centenary United Holdings Limited (stock code: 01959) from 16 December 2025.

Read More

U.S. – SEC Exempting Compliance with Short Selling Rule 13f-2

On 8 December, 2025, SEC published temporary order exempting compliance with short selling reporting under Rule 13f-2 and Form SHO, Rule 10c-1a, in the federal register. Background: On 3 December, SEC extended temporary short selling report exemption. SEC issued temporary order exempting compliance with short selling reporting under Rule 13f-2 (17 CFR 240.13f-2) and Form […]

Read More