Tag Archives: short selling

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.

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…

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…

On 16 July 2024, CIRO released its annual 2023-2024 enforcement report. CIRO released its 2023-2024 Enforcement Report, underscoring its commitment to investor protection, improving industry standards, and strengthening market integrity. Case Highlights Fortrade Canada fined $2mn for making prohibited recommendations. As order execution dealer, Fortrade violated regulations by providing recommendations. Also failed to maintain a…

On 10 July 2024, the China Securities Regulatory Commission (CSRC) approved the suspension of refinancing of securities lending (used as part of short selling). Background: Securities Lending is when brokers borrow shares on behalf of their clients to initiate short selling. Existing refinancing contracts can be rolled over, but no later than 30 September. Effective…