On 22 August 2023, POL FSA issued electronic forms to report short selling positions. POL FSA issued electronic forms for reporting short selling in shares. Overview POL FSA prepared the forms in accordance with template in Annex to Reg 826/2012. The short selling notification threshold is 0.1% of company's issued share capital and every 0.1%…
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Poland FSA Electronic Filing for Substantial Shareholding
On 16 August 2023, the Polish FSA announced that electronic disclosure forms are now available for the purposes of substantial shareholding disclosures to the FSA under the Act on Public Offerings. There are 6 forms available Use of the electronic disclosure forms will become mandatory FSA suggests that investors familiarise themselves with the functionality of…
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U.S. CBOE BZX Position Limit $125k Fine
On 15 August 2023, CBOE BZX fined Goldman Sachs re options position limits. CBOE BZX issued letter of consent to Goldman Sachs on position limit procedures. Allegations From about October 2018 to February 2021, Goldman Sachs reported 17,600 positions in 23,500 instances with incorrect effective date, due to technological system logic issue. Impacted Large Options…
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Italy Consob Identifies Reduced Short Selling in Issuers
On 14 August 2023, Consob published reduced short selling in issuers: Azimut Holdings and Saras.
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Rulefinder Alert New Temporary Short Selling Bans
On 16 August 2023, Rulefinder identified new temporary short selling bans in S Korea issuers. Effective: Temporary short selling bans effective for one trading day on 17 August.
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Taiwan – FSC Issues Consultation to Lower Substantial Shareholding Threshold
On 9 August 2023, TAI FSC published consultation paper on the above amendments. The consultation is open for 60 days, until 11 October 2023. Background: Aims to lower the reporting threshold for substantial shareholdings from 10% to 5%. Shareholders will be able to submit their reports through file uploads on the market observation post system…
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