On 11 February 2020, SER SEC cited law changes on foreign investor access. Amendments to capital market law, coming into effect 12 February 2020, summarized with increased availability of government securities to foreign investors expected impact. Access to Foreign Investors Foreign investors able to buy government securities issued by the Republic of Serbia. Foreign investors…
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Temporary Short Selling Ban in Turkey
On 11 February 2020, the Regulatory Reporting System alerted clients to a temporary short selling ban in an issuer in Turkey effective 12 February through 26 February.
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E.U. – ESMA Position Limits Under MIFID II
On 7 February 2020, ESMA issued opinions on position limits under MIFID II. 7 opinions on position limits re commodity derivatives under MIFID II/MIFIR issued. Follows ESMA January 2019 issued commodity position limits under MiFID. Overview Opinions agree with proposed position limits re ICE Endex Dutch TTF Gas contracts, EEX Phelix DE Base Power contracts,…
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Rulefinder Reports Temporary Short Selling Ban
On 10 February 2020, Rulefinder reported temporary short selling bans in two countries.
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India – SEBI Foreign Portfolio Investors
On 4 February 2020, IND SEBI updated on common application form for FPIs. Issued circular on common application form (CAF) for foreign portfolio investors (PFIs) 27 January 2020, IND GVT notified common application form (CAF) for FPI registration. And for allotment of permanent account number (PAN) and KYC for opening account. Applicants seeking FPI registration…
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Brazil – CVM Investment Funds Shares
On 4 February 2020, BRZ CVM issued rules for investment funds managers. Circular with clarifications on disclosure, by investment fund managers intermediated by account, order of information re application and redemption time limit for shares. Overview In account and order intermediation, independent intermediary is hired by fund to distribute its shares, as provided for in…
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