On 26 September 2019, IND SEBI updated position limits for derivatives. Previously prescribed framework for trading of cash settled interest rate derivatives. Following consultations with stock exchanges, SEBI will review extant position limits. Banks and primary dealers have same position limits as trading members. Category I and II FPIs shall have same position limits as…
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U.S. – CFTC Limits on Security Futures
On 27 September 2019 final rule published in federal register, effective 26 November 2019.
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RRS Exceeds $7T in Aggregate AUMs
Solutions Atlantic, the experts in global shareholding disclosure today announced that its Regulatory Reporting System (“RRS”) is now managing over $7T in aggregate client assets under management. No other vendor comes close to its client to AUM ratio. “While other vendors may have an equal or larger client base they cannot compare to the size…
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Singapore – MAS Short Selling Regulations
On 24 September 2019, SIN MAS issued guidelines on short sale regulations. Guidelines state requirements for the reporting of short sell orders and short positions. Short Selling Guidelines provide market participants with better understanding of administration of legislative provisions relating to short selling disclosure and reporting in SFA by MAS. Has guidelines for institutional participants…
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U.K. – CMA Cobham Takeover
On 18 September 2019, UK CMA responded to proposed acquisition of Cobham. On 17 September 2019, secretary of state issued a European intervention notice to intervene in the proposed takeover of UK defence company Cobham on national security grounds. UK CMA Report UK CMA will need to prepare a report on the national security aspects…
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France – GVT Foreign Investment In France
On 12 September 2019, FR GVT issued guidance on foreign investment. Treasury issued information on prior authorization process for foreign investments. Followed December 2018, FR GVT decree on authorized foreign investments. Followed PACTE law on business transformation and growth. Overview PACTE law reformed prior authorization process, to preserve national strategic interest. Aims to better prevent…
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