On 19 February 2025, KRX proposed revising KOSDAQ, KOSPI markets rules. KRX proposed revising Enforcement rules of KOSDAQ market business regulation and Enforcement rules of KOSPI market business regulation to prepare for ATS launch. Follows KRX December 2024 proposed rules concerning new types of orders. Also follows KRX December 2024 proposed new rules for securities…
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Germany – BaFin Updates Short Selling FAQs
On 17 February 2025, GE BaFin issued updated FAQ on exemption for market makers and primary dealers under art 17 EU Short Selling Regulation. Question 7: Updated wording of the question as to whether the exemption can be claimed earlier (i.e. before the 30 days) after the initial notification. Question 8: Updated guidance about follow-up…
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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…
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U.S. – SEC Delays Short Selling Rule 13f-2 Implementation
On 8 February 2025, the SEC announced that it would delay the implementation of short selling reporting rule 13f-2 for one year. SEC has granted a temporary exemption from compliance with Rule 13f-2 and filings delayed for one year and due instead by 17 February 2026 exemption from compliance will give filers more time to implement…
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S Korea – FSS Issues Notice on Short Selling Revisions
On 4 February 2025, the FSS published a notice (Korean) on the revisions to the short-selling rules. includes the new rules on internal short-selling controls market participants can submit their view on these changes the measures have been introduced to detect and prevent illegal short-selling short selling ban expected to be lifted by the end…
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Global: Activist Short Selling Review
On 30 January 2025, Hindenburg Research announced the closing of its doors and with that, the field of activist short selling just got a whole lot smaller. Hindenburg's Nate Anderson cited "intensity and focus" as part of the reason for shuttering Hindenburg. Some of the activist short sellers left: Muddy Waters, Quintessential, Gotham City, ShadowFall,…
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