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…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more