On 5 January 2024, IND SEBI introduced short selling framework for securities. IND SEBI introduced comprehensive framework for short selling in securities market. Master circular dated 16 October 2023, contains framework on Short selling and securities lending and borrowing scheme; current circular outlines the short-selling framework. Follows IND SEBI October 2023 issued master circular for…
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Sweden – ISP Issues Instructions for Foreign Direct Investment
On 4 January 2024, SWE ISP published version 1.3 of instructions for notification of Foreign Direct Investment (FDI). Changes include: supplement under the heading Privacy; new heading Language. Changed heading on appendix 7 from Power of attorney and certificate of authorized representative to Authority documents and power of attorney and added supplement. Made Annexes 9,…
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S Korea – FSC Decision to Ban Short Selling
On 3 January 2024, SK FSC issued details of decision to ban short selling. SK FSC issued minutes of 5 November 2023 meeting to ban short selling, details of the ban. Covers relevant markets, period, laws and regulations, transactions that are exempt. Follows FSC, FSS November 2023 banned short selling until end-Jun. 2024.
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S Korea – FSC Public Fund Competitiveness RE: Short Selling
On 3 January 2024, SK FSC planned to improve public fund competitiveness. SK FSC, SK FSS issued press release saying they are planning to improve the competitiveness of publicly offered funds, with focus on 9 specific areas to reduce transaction costs, enhance product marketability, improve transaction convenience. Summary Institutional improvements involve increasing credibility, accountability for…
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France – GVT Control of Foreign Investment
On 29 December 2023, FR GVT published law on the threshold of voting rights. FR GVT issued decree no. 2023-1293 relating to foreign investments in France (IEF). Measure to control crossing of 10% threshold of voting rights by a non-European investor in listed companies will be made permanent, scope of control extended. IEF Control Control…
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Taiwan – FSC Finalized Amendment Regarding Short Selling
On 28 December 2023, TAI FSC issued order for the amendment on article 2 and 8 of Standards governing eligibility of securities for margin purchase and short selling. TAI EXC also issued press release re the amendment, to be effective on 1 January 2024.
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