On 6 December 2024, SK FSS Governor held a financial situation review meeting. SK FSS will promote improving corporate governance, conducting value-up program, advancing the forex market, inclusion in the world government bond index (WGBI). Complete measures to improve the short selling system by March 2025, continue to improve the foreign investment environment to conform…
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12 December 2024 – Turkey Fines for Breaches of Short Selling Regulations
Turkey Fines for Breaches of Short Selling Regulations
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Canada – CIRO Expectations wrt Short Selling Settlement
On 5 December 2024, CIRO reported approval of amendments to UMIR that support and clarify short selling framework; no changes to the proposed amendments were made. Added clarifications to Proposed Guidance in response to comments, industry consult. New positive requirement for reasonable expectation to settle not higher standard compared to prohibition against trading without reasonable…
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U.K. – FCA Updated List of Shares for Short Selling
On 4 December 2024, UK FCA updated on list of shares for short selling regime. FCA updated its guidance page on notification and disclosure of net short positions to notify of upcoming changes to UK list of exempted shares following biannual review. Follows UK FCA December 2023 updated shares list re short selling regime. Update…
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10 December 2024 – S Korea Fines for Illegal Short Selling
S Korea Fines for Illegal Short Selling
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S Korea – FSS Fines for Short Selling Violations
On 26 November 2024, SK FSS fined Mirae Asset Securities for liquidity fails. SK FSS fined Mirae Asset Securities, for violating the duty to maintain liquidity ratio and submit business reports, the ban on credit extension to affiliates' executives. Disciplinary Actions Imposed a caution, KRW 696mn penalty surcharge, KRW 578mn fine for negligence against firm;…
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