On 5 August 2020, SEC proposed to modernize fund shareholder reports. SEC proposed to improve retail investor experience, by modernizing fund shareholder reports, disclosures; update mutual fund and ETF disclosures to retail investor needs. Chair Clayton, commissioners Peirce, Roisman, Herren Lee issued statements on rule. Feature concise and visually engaging shareholder reports, highlight information that…
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France – AMF Enforcing Ban on Short Sales
On 4 August 2020, FR AMF updated guidance page on the EU regulation on short selling. Including updated excel file containing the history of net short positions made public.
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U.S. – Form 13F Fund Manager Reports
On 31 July 2020, SEC published proposal in federal register, comment by 29 September 2020. Background On 10 July 2020, SEC proposed amendments to update form 13F for institutional investment managers. Amend reporting threshold to reflect equities markets, not been adjusted for 40 years. Form Use and Background SEA Rule 13(f) requires a manager to…
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Australia – GVT Foreign Investment Reforms
On 31 July 2020, AST GVT consulted on exposure draft of foreign investment reform. Issued Foreign investment reform (protecting Australia’s national security) bill 2020. Bill gives effect to major reforms to the Foreign acquisitions and takeovers act 1975. Exposure draft bill includes provisions for new national security powers, integrity and technical amendments, and provisions that…
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E.U. – ESMA Net Short Position Threshold
On 30 July 2020, EU ESMA issued decision 2020/1123 of 10 June 2020, on renewal in OJ.
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E.U. – ESMA Advice on Use of Short-Selling
On 31 July 2020, EU ESMA issued updated list of market makers and authorized primary dealers using the exemption in the regulation on short selling and CDS.
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