On 10 April 2025, NORFSA published decision re short sale fine NOK 3,5 mn. NORFSA issued dec imposing a NOK 3,5 mn fine on Algorithmic Trading Group (ATG). Main Points Fine re ATG’s sale of shares in 2024 in EAM Solar AS, listed at Euronext Expand. NORFSA found violations of Reg 236/2012 on short selling, […]
On 7 April 2025, ESMA issued FAQs on exemptions for fungible securities. ESMA issued FAQs on new exemptions for fungible securities in Prospectus Regulation. Exchange Offers Q: ESMA_QA_2521 Does the exemption in Article 1(5)(ba) of Prospectus Regulation concern all exchange offers or only exchange offers falling within the scope of the Takeover Directive. Statement of […]
On 7 April 2025, TAI FSC made amendments re intraday short sale orders. TAI FSC, TAI Justice issued orders for stipulating rules re para 2 of art 18, subpara 3 of para 1 of art 60, subpara 11 of para 1 of art 138 of Securities and exchange act, art 6 of Standards governing eligibility […]
On 4 April 2025, CIRO published UMIR amendments which reflect material issued or published by CIRO up to 4 April 2025, re participant obligation to settle short sale. Click here for a link to the UMIR rules and here to the guidance page on UMIR requirements related to short selling and failed trades which cross-refers to […]
On 1 April 2025, UK FCA updated its short selling guidance page on notification and disclosure of net short positions to add the updated UK list of exempted shares valid from 1 April 2025. Follows completion of second stage of FCA’s biannual review of exempted shares list. Updated list has been reviewed to include shares […]
On 2 April 2025, SK FSS guided on shareholding status data submission. SK FSS provided guidance on the submission of the status of shares owned by controlling shareholders of large unlisted companies with financial year that ended December 2024. Follows SK FSS April 2024 reminded on ownership shareholding data submission. Outline of Guidance The reporting […]