S Korea FSC Fines for Naked Short Selling
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21 December 2023 – Norway FSA Fines for Short Selling Violations
Norway FSA Fines for Short Selling Violations
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U.K. – FCA Short Selling Regulations
On 18 December 2023, UK FCA issued the promised update on implementation of the change in the reporting threshold for reporting of net short positions to regulator. Confirms it will be ready to receive notifications at 0.2% threshold from 5 February 2024. Firms should make necessary system/process changes to allow for such submissions. Until threshold…
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UAE – DFM Market Rules Modules RE: Short Selling
On 13 December 2023, UAE DFM issued listing and membership, trading rules. UAE DFM issued listing rules module, and membership, trading, derivatives module. Documents dated 2023, received from UAE DFM 13 December 13, summarized on 19 December 2023. Follows UAE DFM November 2022 issued market rules modules one to four. Background Module 3 Membership, Trading…
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U.S. – SEC’s Short Selling Rule Being Challenged
On 12 December 2023, it was reported that three hedge fund associations have sued the SEC in an attempt to vacate two new rules aimed at boosting transparency of short selling. Claims from Associations: MFA, AIMA, and NAPF claim the SEC took conflicting stances with the rules. Allowing transaction reports to be aggregated to protect…
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S Korea – FSC Violation of Shareholding Reporting Duty
On 7 December 2023, SK FSC proposed revisions re capital markets investigation. SK FSC proposed revisions to the Regulations on the capital markets investigation. Revisions Where a reporting duty such as on substantial shareholding is intentionally violated, resulting in material consequences, a penalty surcharge will be imposed in principle, as in the case of violating…
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