As previously reported in April 2017, the Icelandic Financial Supervisory Authority announced its proposal to implement the EU Short Selling Regulation into Icelandic law. SA has released the ESMA SSR Rule for Iceland ahead of the effective date, 1 July 2017. More about the ESMA SSR rule: The short selling regulation is a regulation of […]
Former responsible officer convicted and fined for illegal short selling. The Eastern Magistrates’ Court has convicted Mr Sammy Shiu Kin Keung after he pleaded guilty to illegal short selling in the shares of Share Economy Group Limited (formerly known as Vitop Bioenergy Holdings Limited) , Global Tech (Holdings) Limited and China Ocean Industry Group Limited […]
The EU issued net short position notification thresholds for sovereign issuers on 1 May, 2017. According to Article 7(2) of the Short Selling Regulation, ESMA has to publish a list of the thresholds applicable to the sovereign issuers for the purpose of the notification to competent authorities of significant net short position in sovereign debt. […]
Provides Audit Services for Global Shareholding Disclosure Workflows Seeing an ever-growing demand in regulatory changes within the global shareholding disclosure space, Solutions Atlantic today announced it will be providing audit services to help market participants identify gaps in their global shareholding disclosure process. Since the first of the year, the industry has seen a wave […]
Trade compliance is a growing concern with regulators, to that end, Solutions Atlantic has introduced Pre-trade Decision Assistance to enable its clients to test trades before committing to them. Once again, Solutions Atlantic is paving the way in the shareholding disclosure automation space with its newly released Pre-trade Decision Assistance (PDA) capability. The company today […]
The recent dramatic spike in the number and complexity of regulatory reporting guidelines, has left buy-side firms and administration companies worldwide scrambling to keep up with changes in order to minimize risk and avoid costly filing errors. Recent independent surveys show that one of the main challenges buy-side participants face today is adapting to new […]