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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Canada – CIRO Consultation RE: Short Selling Regulations
On 9 January 2025, CIRO proposed amendments on mandatory close-outs. CIRO proposed rule amendments respecting mandatory close-out requirements. CSA OSC and CSA Que also published proposed amendments in respective Bulletins. Redline and clean versions of proposed amendments in Appendix 1 and Appendix 2. Follows related CIRO request for feedback on short selling framework. Proposed Amendments…
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13 January 2025 – US Fines for Failure to Comply with Short Selling Rules
SEC Fines for Non-Compliance with Short Selling Rule
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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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U.K. – FCA Updated Guidance Page on Short Selling
On 2 January 2025, UK FCA updated guidance page on notification and disclosure of net short selling to add the updated UK list of exempted shares valid from 1 January 2025. List has been reviewed to include shares admitted to trading on UK trading venues until 31 October 2024, list valid from 1 January 2025,…
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S Korea – FIA Investment Compliance Manual Re: Short Selling
On 31 December 2024, SK FIA revised compliance manual for investment firms. SK FIA revised Compliance manual for financial investment firms - asset management. Overview of Revisions Add sections re responsibilities structure, concurrent and ancillary businesses of collective investment business operators under the internal control standards chapter. Short selling, precautions for lending/managing collective investment assets…
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