3 July 2024 – S Korea FSC Fines 2 for Breaches of Short Selling Regulations
S Korea Fines for Late Substantial Shareholding Report
Reminder: Thailand Amended Short Selling Regulations Effective 1 July
On 24 June 2024, the Stock Exchange of Thailand (SET) announced short selling and program trading regulations commencing on 01 July 2024. These amended regulations include: Qualifications of securities eligible for short selling: the minimum 3-month average market capitalization requirement for the non-SET100 securities will be raised to THB 7.50 billion. Additionally, 12-month average monthly […]
S Korea – FSC, FSS Unfair Trade Response
On 24June 2024, SK FSC, SK FSS held unfair trade investigation meeting. Follows SK FSC June 2024 approved its organizational restructuring. Key Points Discussed measures to strengthen inter-institutional cooperation according to the increase in SK FSC’s investigation personnel, diversify disciplinary means for unfair trades and strengthen punishment, as well as improve investigation efficiency. SK FSC […]
S Korea – FSS Short Selling Guide Proposal
On 13 June 2024, SK FSS proposed guidelines and checklist on short selling. Guidance includes Internal control guidelines on short selling, Guidelines on internal position management systems, as well as Checklist for short seller review. Follows SK FSC, FSS June 2024 extended short sale ban until March 2025. Administrative Guidance Prescribes internal control and internal […]
S Korea – FSC Issues Short Selling Reform Measures
On 13 June 2024, SK FSC, SK FSS launched short selling reform measures. SK FSC, SK FSS launched short sale reform measures to resolve illegal/unfair issues. SK FSC, FSS extended the short selling ban until 30 March 2025 same day. Follows SK FSS April 2024 issued measures re trade prevention system. Electronic Short Sale Processing […]
U.S. – SEC Fines Activist Short Seller
On 11 June 2024, the SEC announced charges against activist short selling hedge fund. SEC fined Anson Funds Management, LP and Anson Advisors, Inc. in connection with their work with activist short selling publishers who issued articles presenting bearish views of target securities. Anson Advisors agreed to pay civil money penalties of $1,000,000, and Anson […]