On 14 July 2023, Thai SET reminded companies to disclose complete data. Thai SET requested listed companies to pay closer attention to the disclosure of information in their financial statements and ensure it is accurate and complete. Especially statements that are disseminated through Thai SET's information system. Background The advice follows several discrepancies found in…
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U.S. – FINRA Fines for Short Position Reporting Failure
On 11 July 2023, FINRA issued AWC on short interest position reporting. FINRA issued Letter of acceptance, waiver, and consent (AWC) to RBC Capital Markets LLC (RBC) for overreporting short positions and supervisory system failures. Allegations Between December 2018 - April 2021 RBC violated FINRA Rule 4560, FINRA Rule 2010 by overreporting shares associated with…
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Rulefinder Alerts to New Temporary Short Selling Bans
On 14 July 2023, Rulefinder identified new temporary short selling bans in S Korea. Short selling ban is in effect for 17 July 2023.
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U.K. – Treasury Further Consultation: Short Selling Reporting
On 11 July 2023, UK Treasury consulted on sovereign debt, default swaps. UK Treasury consultation seeks views on the government’s proposal to delete aspects of the Short Selling Regulation related to sovereign debt and credit default swaps. Follows UK Treasury December 2022 call for evidence on short selling rules. Also follows UK Chancellor July 2023…
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U.K. – GVT Response to Short Selling Call for Evidence
On 11 July 2023, UK Treasury published a document summarizing responses received. On same day UK Chancellor announced launch Mansion House reforms. It sets out the next steps for replacing the SSR with a UK-tailored regulatory regime for short selling, including key changes to short selling disclosure requirements. FCA will be given rule-making powers to…
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Australia – GVT – Foreign Acquisition/Takeover
On 8 July 2023, AST GVT registered 29th compilation of the Foreign acquisitions and takeovers act 1975, showing the text of the act as amended and in force 1 July 2023. Compilation reflects consequential amendments made by Foreign investment reform (protecting Australia's national security) act 2020.
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