On 9 August 2022, ISR TASE proposed further revisions to short selling rules given late comments.
- TASE board of directors chairman has approved, to be submitted to board of directors.
- In case of a short position created by error, TASE member would be required to report position to TASE every day from 3rd trading day after it occurred, or from 1st trading day after the end of additional period approved by TASE CEO until covered.
- A TASE member is required to close a short position created in error within 2 trading days, and TASE CEO may extend period to close the position by 8 additional TDs
- Extend preparation period for TASE members to establish means and mechanisms that enable proper and efficient management of lending, short selling activities to 1.5 years.
- Comments to be received by 31 August but revisions are subject to ISR ISA approval.
- Document dated 9 August 2022, received Aug. 11, and summarized on 16 August 2022.