On 19 December 2019, IND SEBI issued SEBI (FPI) (amendment) regulations, 2019. In regulation 2, substitutes regulation 2 of the foreign exchange management (transfer or issue of security by a person resident outside India) regulations, 2017. With rule 2 of the foreign exchange management (non-debt instruments) rules, 2019. In regulation 20, substitutes foreign exchange management…
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RRS Reports Temporary Short Selling Ban
Effective 27 December 2019, there will be a temporary short selling ban; find out more here.
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Sweden – GVT AP Pension Fund Investment
On 17 December 2019, SWE GVT submitted a bill with proposals for further amendments to the investment rules of the First – Fourth AP Funds, following meeting on 11 December. The Swedish parliamentary pension group, has supported the proposed bill. Background Government submitted a proposal to Law Council on amendments to improve ability of buffer…
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Germany – BaFin Post-Trade Transparency
On 17 December 2019, GE BaFin issued rules on MiFIR post-trade transparency. BaFin extended current transparency regime for a further year, until 1 January 2020. Overview MiFIR requires post-trade reporting in real-time/as quickly as technically possible. But allows national supervisory authorities to authorize publication at a later date. In January 2018, BaFin allowed publication at…
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Rulefinder Reports Temporary Short Selling Ban
On 20 December 2019, Rulefinder reported temporary short selling bans in two jurisdictions. Find out more here.
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E.U. – Short Sale Market-Making
On 3 December 2019, EU ESMA published compliance table re guidelines on short-selling. Background On 1 February 2019, ESMA issued guidelines on short selling exemption for market making. Criteria to be met for market making exemption, and conditions to assess notification. Market maker to be member of venue that trades instrument, conducts market making. Qualifying…
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