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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S Korea – FSS Short Selling Firm Registration
On 6 January 2025, SK FSS announced launch of registration number issuance. SK FSS said it would start the issuance of a registration number for large-scale short selling companies from 7 January 2025, as part of the short selling computerization plan. Follows SK FSC June 2024 launched short sale reform measures. Also follows SK FSS…
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S Korea – FSS Published Short Selling Guideline
On 25 September 2024, SK FSS published Integrated short selling guideline. SK FSS formulated the Integrated short selling guideline to enable investors to verify the illegality of short selling and launched the customized investor support system. Follows SK FSC, FSS June 2024 launched short sale reform measures. Overview of Integrated Guideline The balance available for…
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U.S. – SEC Settles Short Selling Case Against HK IA
On 23 September 2024, SEC reported settlement re public offering, short sale. SEC reported settled charges against Centerline Investment Management Limited, a Hong Kong, China-based investment adviser, for violating an SEC short selling trade rule. Purchased stock in public offering of securities for advisory client after effecting short selling in same stock for advisory client…
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Canada – IIAC’s Letter to CIRO on Proposed Short Selling Rule
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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