On 12 August 2022, SEC imposed $125K fine on B/D for naked short selling. SEC reported settlement for violations of bona fide market making in short sell trades. Settlement names defendant broker-dealer firm IMC Chicago LLC, for violations of Regulation SHO and Rule 203(b)(1) thereunder, (17 CFR 242.203(b)(1)) re short sales. Alleged Violations From June…
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Poland – FSA Shareholding Disclosure Reporting Failure
On 9 August 2022, POL FSA fined firm's shareholder, Wojciech Babinski. POL FSA published its Jul. 14, 2022 decision to fine Wojciech Babinski PLN 7,130,000 for 13 violations of obligation to notify change after sale of shares in a company. Disclosure Breaches Babinski was the majority shareholder of the company, from its establishment, and during…
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India – SEBI T+1 Rolling Settlement
On 5 August 2022, IND ICCL informed that revised timings for custodian confirmation for T+1 settlement in equity cash segment will be implemented from 19 September 2022.
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Rulefinder Alerts to Short Selling Bans
On 10 August 2022, Rulefinder provided an early warning to temporary short selling bans in two countries - S Korea and Turkey. Temporary short selling bans are effective 11 August 2022.
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India – SEBI Foreign Portfolio Investors
On 5 August 2022, IND SEBI issued advisory committee terms of reference. IND SEBI created a standing committee for facilitation of FPI investments to provide recommendations, advise on policy matters relating to foreign portfolio investors (FPI). Lists names and positions of committee members, as well as the terms of reference. Terms of Reference To advise…
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Singapore – MAS Shareholding Disclosure FAQs
On 2 August 2022, SIN MAS issued FAQs to disclose interest in listed security. SIN MAS issued revised FAQs on disclosure of interests in listed securities, under SFA. Securities And Futures Act SFA, Part VII (disclosure of interests), imposes obligations. Scope Applies to director or CEO of a listed corporation (except a foreign corporation with…
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