On 23 April 2025, AIMA issued new letter to new SEC chairman on priorities including short selling reporting reform. AIMA has written directly to SEC Chair Paul Atkins to congratulate him on confirmation as new Chair and to outline a series of targeted recommendations aimed at fostering efficient, well-functioning capital markets while promoting responsible innovation.…
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Norway – FSA Fines for Short Selling Violations
On 10 April 2025, NORFSA published decision re short sale fine NOK 3,5 mn. NORFSA issued dec imposing a NOK 3,5 mn fine on Algorithmic Trading Group (ATG). Main Points Fine re ATG's sale of shares in 2024 in EAM Solar AS, listed at Euronext Expand. NORFSA found violations of Reg 236/2012 on short selling,…
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Taiwan – FSC Tightens Short Selling Rules
On 7 April 2025, TAI FSC made amendments re intraday short sale orders. TAI FSC, TAI Justice issued orders for stipulating rules re para 2 of art 18, subpara 3 of para 1 of art 60, subpara 11 of para 1 of art 138 of Securities and exchange act, art 6 of Standards governing eligibility…
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Canada – CIRO Expectation to Settle Short Sale
On 4 April 2025, CIRO published UMIR amendments which reflect material issued or published by CIRO up to 4 April 2025, re participant obligation to settle short sale. Click here for a link to the UMIR rules and here to the guidance page on UMIR requirements related to short selling and failed trades which cross-refers to…
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S Korea – Gov’t Approves Revised Short Selling Revised Rules
On 18 February 2025, the S Korean government approved the revision bill for the Enforcement Decree of the FSCMA, aimed at enhancing rules on short selling practices. The revision is aimed at enhancing rules on short selling practices and includes: Imposing a limit on institutional investors stock repayment period Introducing measures intended to prevent naked…
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U.K. – Treasury Issues Short Selling Regulations 2025
On 14 January 2025, UK Treasury issued the Short Selling Regulations 2025. UK Treasury issued The Short Selling Regulations 2025 (StIn 2025/29), providing for short selling of shares, other financial instruments, transactions similar to short selling. On same day, UK Treasury issued law and memo on UK FCA supervision. Purpose When the UK left the…
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