On 23 August 2024, SK FIA proposed revisions re securities lending terms. SK FIA proposed to revise Best practices for financial investment companies' securities lending and short selling processing, to unify transaction terms of lending services. Proposed Revisions Set the repayment period of listed securities lending transactions for short selling purposes mediated by financial investment…
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S Korea – FSS Short Selling Guidelines Finalized
On 20 August 2024, SK FSS announced the implementation of the finalized short selling guidelines. All corporations wishing to engage in short selling transactions must establish internal control and an intra-organizational balance management system by Q4 2024.
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15 August 2024 – Turkey CMB Fines for Short Selling Violations
Turkey Fines for Short Selling Violations
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Bahrain – EXC Short Selling Guidelines
On 24 July 2024, BHR EXC issued Uncovered Technical short selling guidelines. Update to previous post: These guidelines supplement BHR EXC's Market Rules, but do not supersede the Market Rules and should be construed along with related provisions of Market Rules. Both Operational and Uncovered short selling guidelines are effective 25 July 2024.
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Bahrain – EXC Publishes Updated Short Selling Guidelines
On 24 July 2024, BHR EXC published technical short-selling guidelines. BHR EXC announced the launch of Technical (uncovered) short-selling guidelines. Aim to increase liquidity levels, diversify investment and hedging instruments in order to attract new investors, the new guidelines have been approved by BHR CB. Overview The guidelines supplement the existing BHR EXC Market Rules…
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U.K. – BoE Paper on Wholesale Collateral, Implications for Short Selling
On 19 July 2024, UK BoE issued paper on wholesale funding markets. BoE issued staff working paper, Collateral demand in wholesale funding markets. Overview Repo markets are systemically important funding markets, but also used by firms to obtain the assets provided as collateral, do these 2 functions complement each other. Authors build and estimate model…
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