On 21 November 2024, SK FSC proposed revisions to statutes on short selling. SK FSC, SK GVT proposed revisions to the Enforcement decree of the capital markets act, Regulations on financial investment business, as per revised Capital markets act. Follows SK FSC September 2024 said short sales improvements were approved. Revisions to Enforcement Decree For […]
U.S. SEC fines for Illegal Short Selling
On 18 November 2024, the SEC released another draft of the technical specification for short selling regulation 13f-2. Background: short selling regulation 13f-2 comes in effect 2 January 2025 SEC will release final technical specification on 16 December 2024 13f-2 short selling regulation has two thresholds to be considered: Threshold A (reporting issuers) and Threshold […]
On 14 November 2024, SK FSS held an investment briefing in Hong Kong. SK FSS held an investment briefing in Hong Kong along with local governments and the financial sector, in order to explain the advancement of the Korean capital market. Follows SK FSC May 2024 issued plan for alternative trading system. Briefing Highlights SK […]
On 8 November 2024, FIF submitted letter requesting extension for implementation of the 13f-2 short selling rule. Requests 6-month extension of implementation date, with such 6-month period to run from the date that the Commission publishes written FAQs in response to questions. Follows 5 November 2024 FIF submission of comment letter on draft technical specification. […]
On 8 November 2024, ICL CB reported regulation on short selling thresholds. ICL CB reported regulation (Reg 1235/2024) that changes threshold for reporting significant net short positions in equities that are admitted to trading on a venue. Follows EC July 2021, draft delegated act on notification threshold. Threshold Change Limit was 0.2%, but after change […]