On 4 July 2020, CHI CBIRC published list of shareholders that violated laws. CBIRC has disclosed a list of 38 shareholders who have committed major violations. Illegal behaviors on the list include related-party transactions for improper benefits, providing false materials, sourcing capital that does not meet regulatory requirements. As well as shareholding that exceeds the…
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Finland – FSA Net Short Position Reporting
On 3 July 2020 FINFSA issued details on reporting of net short positions. FINFSA issued information regarding online services for reporting of short positions. Follows, EU ESMA June 2020 renewed decision requiring holders of net short positions, traded on EU market, to notify NCA if position reaches or exceeds 0.1%. Requirements Obligation to report short…
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India – SEBI Amended Takeover Rules
On 1 July 2020, IND SEBI released (substantial acquisition of shares and takeovers) (third amendment) regs, 2020, which enter to force on publication in official gazette. Provide that for indirect acquisitions where public announcement has been made, an amount equivalent to 100% of the consideration shall be deposited in escrow account. Provide further that the…
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Malaysia – Extend Short Selling Ban Until 31 December
On 26 June 2020, MLY SCM, BML extended short selling suspension until 31 December. There will not be any change to the scope of the suspension.
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Nasdaq SPY Position Limit Increase
On 1 July 2020, SEC approved Nasdaq, ISE, BX, PHLX proposals in federal register.
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Sweden – FI Issues Fine for Late Transactions Reporting
On 26 June 2020, Sweden's FI issued a fine of SEK 30,000 for late reporting of transactions.
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