Hong Kong – SFC Fines $1.2m for Naked Short Selling

On 18 April 2019, the Securities and Futures Commission (SFC) has reprimanded and fined Nine Masts Capital Limited (Nine Masts) $1.2 million for failures relating to the short selling of Yuzhou Properties Company Limited (Yuzhou Properties) shares in May 2015.

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U.K. – FCA Short-Selling Abuse Brexit

On 22 February 2019, UK FCA issued bulletin of guidance on no-deal Brexit. Advised market makers, issuers of new regulatory obligations in case of no-deal. In respect of short selling regulation (SSR) and market abuse regulation (MAR). Key Points Expect firms to undertake reasonable steps to comply with changes by exit day.Government made market abuse […]

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