On 3 September 2024, CAN IIAC sent letter to CIRO on proposed short selling rule. CAN IIAC sent letter to CIRO in anticipation of CIRO's intention to revise Proposed Amendments Respecting the Reasonable Expectation to Settle a Short Sale. Letter Overview Carefully considered the information provided by CIRO and request that the proposed short selling…
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S Korea – FSS Short Selling Guide Proposal
On 13 June 2024, SK FSS proposed guidelines and checklist on short selling. Guidance includes Internal control guidelines on short selling, Guidelines on internal position management systems, as well as Checklist for short seller review. Follows SK FSC, FSS June 2024 extended short sale ban until March 2025. Administrative Guidance Prescribes internal control and internal…
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S Korea – FSC Issues Short Selling Reform Measures
On 13 June 2024, SK FSC, SK FSS launched short selling reform measures. SK FSC, SK FSS launched short sale reform measures to resolve illegal/unfair issues. SK FSC, FSS extended the short selling ban until 30 March 2025 same day. Follows SK FSS April 2024 issued measures re trade prevention system. Electronic Short Sale Processing…
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U.S. SEC Adopts Short Selling Reporting Rule 13f-2
On 13 October 2023, following an open meeting, the SEC confirmed in a press release, the adoption of new rules to enhance short selling disclosures namely: Rule 13f-2 requiring institutional investment managers that meet certain reporting thresholds to report on Form SHO short positions and short activity data for equity securities. Certain of this data will…
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U.S. – CBOE BYX Position Change Priority
On 6 February 2023, Cboe BYX proposed to amend priority for position changes. Cboe BYX, EDGA, BZX, EDGX proposed to amend time priority for position changes. Provisions specified that certain changes in position will result in a loss of time priority. Proposal is substantially similar to MIAX timestamp short sell amendments. Rule Provisions Orders may…
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Israel – TASE Guidelines on Short Selling
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…
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