On 21 June 2024, Thai SET revised regulations (re: short selling) to enhance supervision. Thai SET revised regulations to enhance supervision, covering short selling, high-frequency trading (HFT), disclosure of investors with inappropriate trading behavior. Document dated 21 June 2024, received from Thai SEC 13 September 2024. Revisions Criteria for market capitalization increased; the average monthly…
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12 September 2024 – Hong Kong SFC Fines for Fraud through Illegal Short Selling
Hong Kong Fines for Fraud through Illegal Short Selling
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Hong Kong – SFC Trial For Illegal Short Selling
On 12 September, the Hong Kong regulator, SFC set the trial date for 4 individuals who committed securities fraud through illegal short selling. Between 23 June 2020 and 9 September 2020, it is alleged that the four defendants deceived an account executive at CVP Securities Limited (CVP) on several occasions by falsely claiming ownership of…
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Taiwan – FSC Securities Lending (re: Short Selling) Business
On 5 September 2024, 2024, TAI EXC amended Operating rules for securities business money lending by securities firms; provisions related to the lending for new share subscriptions by employees and original shareholders are amended. Also revised Operating rules for securities firms handling margin purchases and short selling of securities, the amendments aim to address issues…
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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 – FSC Meeting on Risk Management
On 29 August 2024, SK FSC held a meeting on value-up, risk management. SK FSC held a meeting with SK FSS, SK FIA, 10 securities houses to discuss corporate value-up program, corporate finance, risk management, and investor protection. Corporate Value-Up Program SK FSC requested securities houses to lead the flow of funds for value-up companies,…
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