On 11 June 2024, the SEC announced charges against activist short selling hedge fund. SEC fined Anson Funds Management, LP and Anson Advisors, Inc. in connection with their work with activist short selling publishers who issued articles presenting bearish views of target securities. Anson Advisors agreed to pay civil money penalties of $1,000,000, and Anson…
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S Korea – FSC Extends Short Selling Ban
On 13 June 2024, the FSC extended its ban on short selling through 30 March 2025. Set in November 2023, the ban on short selling was to expire on 30 June 2024. FSC states that it is committed to establishing a naked short selling detection system at the KRX.
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India – SEBI Clearing Firms Committee
On 3 June 2024, IND SEBI formed a committee to review clearing firms. IND SEBI formed an ad-hoc expert committee to review ownership and economic structure of clearing corporations and the committee will be chaired by Usha Thorat. The ad-hoc expert committee will also suggest measures to ensure that clearing corporations function as resilient, independent,…
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Hong Kong – SFC Takeover Table Updated
On 11 June 2024, the SFC updated its takeover table. Offeror in takeover involving CPMC Holdings Limited (stock code: 00906) has been changed to Huarui Fengquan Development Limited.
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U.A.E – DC Securities Lending, Borrowing Re: Short Selling
On 5 June 2024, UAE DC issued securities lending and borrowing rules version 2.3. Added securities may be lent by professional investor whenever he is a foreign entity licensed by equivalent regulatory authority or foreign banking supervisory authority. When lending to its professional investor clients and from its own account, provided this is under international…
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India – SEBI Foreign Portfolio Investor Amendments
On 3 June 2024, IND SEBI amended foreign portfolio investor regulations. IND SEBI published the SEBI (foreign portfolio investors) (amendment) regulations, 2024, which make amendments to the 2019 principal regulations on the same subject. The changes aim to streamline the regulatory framework governing FPIs in India. Follows IND SEBI May 2024 issued a new master…
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