On 13 March 2025, SK FSS, SK FIA, KRX issued e-brochure on short selling system improvements. Includes FAQs based on facts, mainly on the improvements to the short selling system, given related complaints and concerns that have not been objectively verified.
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S Korea – FSC, FSS Short Selling Penalties
On 12 March 2025, SK FSC, FSS said the same day decision by Securities and Futures Commission to fine a global IB marked the end of global IB investigations, penalties. In total, 13 global investment banks (IBs) were fined KRW 83.65bn. The release covered the main illegal conduct types, measures to prevent recurrence, the expected…
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Netherlands – ACM Investigates Takeover of Ziemann
On 7 March 2025, NLD ACM launched investigation into takeover of Ziemann. NLD ACM announced that it had launched an investigation into the recent takeover of the Dutch branch of the German Ziemann by the cash transport company Brink's. Summary These specialist companies transport cash to, for example, ATMs and physical stores on behalf of…
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Finland – TEM Reform of Takeover Act
On 6 March 2025, FIN TEM appointed working group to prepare reform of takeover act. FIN TEM appointed cross-sectoral working group to prepare the reform of the Act on the monitoring of foreign corporate acquisitions in line with the government program. Assessment memorandum on the need for reform was completed on 5 February 2025. Working…
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Thailand – SET High-Frequency Trading Rules RE: Short Selling
On 7 March 2025, Thai SET proposed to amend short selling regulations. Thai SET proposed to revise regulations re: short selling, high-frequency trading (HFT). Follows Thai SET June 2024 revised regulations to enhance supervision. Background Following the implementation of the revised regulations on short selling, HFT the uptick rule has not had a positive effect…
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S Korea – FSC Short Selling System Improved
On 6 March 2025, SK FSC said legal revisions to improve the short selling system were completed with approval of revisions to Regulations on financial investment business. Plus, revisions to KRX's Market surveillance regulations, during its meeting on 5 March 2025. SK FSC will verify the computer system until the effective date, i.e. 31 March…
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