On 28 October 2020, UK FCA issued guidance on net short position reporting. UK entered transition period on 31 January 2020, which ends at 11pm on 31 December 2020. During the transition period, the EU short selling regulation (regulation (236/2012) (SSR) continues to apply in UK, including the market making exemption. Current Reporting Obligations During…
Read more
Finland – FSA Net Short Position Limit
On 21 September 2020, FINFSA said short selling reporting limit still 0.1%. FINFSA requires notification from a natural or legal person holding a net short position. Where short in a share trading on a regulated market, notify competent authority of details of position if it reaches, exceeds or falls below 0.1% of the issued share…
Read more
E.U. – ESMA Lowers Short Selling Threshold to .1%
On 11 June 2020, EU ESMA renewed decision requiring holders of net short positions, traded on EU regulated market, to notify NCA if position reaches or exceeds 0.1%. While EU financial markets have partially recovered since 16 March 2020, uncertainty around Covid-19 is potentially threatening their future development and stability. The measure applies from 17…
Read more
France – Proposal to Change Shareholding Disclosure Threshold
On 28 April 2020, FR AMF issued proposed shareholder activism rules. The AMF has suggested several targeted measures regarding shareholder activism. Proposals Enhance transparency on stake-building by lowering the first legal notification threshold for substantial shareholding and making public any statutory threshold crossing reported to the company; Supplementing the reporting on net short positions by…
Read more
E.U. Net Short Position Threshold
On 16 March 2020, ESMA issued decision on net short position holders. ESMA issued a decision temporarily requiring holders of net short positions in shares, traded on EU regulated market, to notify NCA if the position reaches or exceeds 0.1%. Lower 0.1% Notification 0.1% is calculated based on issued share capital, after entry into force…
Read more
Temporary Short Selling Ban Effective Today
Rulefinder reports a temporary short selling ban effective today.
Read more