On 12 November 2021, RUS NFA considered terms for external consultants. RUS NFA group members considered options for choosing a consultant for the audit of legislation and a law firm for adapting documentation, writing model agreement terms. Benefits from introducing this product are: abandoning pseudo-loan transactions - repo transactions with a small rate and a…
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Sweden – FI Fines for Late Short Selling Reporting
On 28 June 2021, SWE FI fined Squarepoint SEK 2mn for late short selling reporting. Squarepoint Ops LLC receives a fee for late short registration in 20 different issuers. Its short net positions in shares in 20 different issuers on 138 occasions reached or fell below relevant thresholds for reporting; for which it must pay…
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Sweden – FI Issues Fine for Failure to Report Short Selling
On 14 May2021, SWE FI ordered Unwrap Finance Nordic to pay SEK 25mn. Unwrap Finance Nordic received fine for failure to submit short selling notifications. Compliance Failure Failure to notify SWE FI that the company's net short position in shares in ArcAroma AB had reached or fallen below the relevant thresholds for notification on 57…
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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.
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Hong Kong – SFC Fines Optimas Capital for Short Selling
On 15 April 2021, HK SFC fined Optimas Capital due to short selling reporting failures. HK SFC has reprimanded Optimas Capital and fined it HKD1.05mn over failures. It did not ensure short position reports (SPRs) for a collective investment scheme (CIS) under its management were accurate and compliant with the requirements. Investigation An SFC investigation…
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Denmark – FSA Halts Net Short .1% Threshold
On 17 March 2021, DEN FSA reported net short position holders decision end. DEN FSA noted ESMA's temporary decision on the threshold for notifying short positions expires 19 March 2021, as GDP forecasts show some optimism for recovery. Follows ESMA March 2021 ended decision on holders of net short positions. Net Short Position Threshold Decision…
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