On 26 January 2024, UK FCA issued PMB 47 focused on short selling rules. UK FCA issued primary market bulletin (PMB) 47 that covered Short Selling Regulation developments as well as the Credit Rating Agency UK Market Share Report for 2022. Short Selling Regulation Following consultation process on the UK Short Selling Regulation, UK GVT…
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Spain – CNMV Short Selling RE: Grifols-Gotham
On 23 January 2024, ESP CNMV issued statement in relation to Grifols case. ESP CNMV statement in relation to Grifols and related Gotham City Research report. ESP CNMV has not detected, from Jan. 9 until today, any specific privileged information pending publication representing asymmetric information between different investors. Therefore it has not been necessary to…
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U.K. – BoE Discuss Short Selling
On 22 January 2024, UK BoE issued minutes of November 2023 Securities lending committee meeting. UK FCA updated that UK Treasury had published a draft Statutory Instrument for the new UK short selling regime, and had asked for technical comments from the market. UK Treasury had announced plans to publish the final Statutory Instrument in…
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China – CSRC Tries to Talk Hedge Funds Down from Short Selling
On 24 January 2024, Reuters reported that China's securities regulator the China Securities Regulatory Commission has asked several hedge funds to restrict short selling of stock index futures. Request by CSRC is part of its wider plans to stabilize the country's declining stock markets China's blue-chip CSI300 Index fell to near five-year lows this week…
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E.U. – ESMA Issues Paper on Short Selling Ban Impact
On 11 January 2024, ESMA issued paper on 2020 short selling ban impact. ESMA issued working paper on market impacts of the 2020 short selling bans. Follows, ESMA, March 2022, market impact analysis on short selling bans. Follows, ESMA, April 2022 issued final report on short selling review. Overview At height of the COVID-19 related…
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S Korea – FSS Responds to Bloomberg Short Selling Article
On 16 January 2024, the FSS issued a response to Bloomberg’s Article on Illegal Short Sales in South Korea (Jan 15, 2024). Bloomberg argued in its article that illegal short selling is not rampant in South Korea as the total illegal short selling by the recently detected four global investment banks is equivalent to 0.001%…
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