Sweden – FI Fines for Late Short Selling Disclosure

Sweden – FI Fines for Late Short Selling Disclosure

On 23 April 2021, the Swedish regulator, Finansinspektionen fined Renaissance Technologies LLC SEK 1,000,000.

  • Renaissance was late in reporting the company's net short position in shares in Oriflame Holding AG.
  • Short positions had, on 47 occasions reached or fallen below the relevant notification thresholds.