On 21 December 2023, NORFSA fined four investors for short selling violations. NORFSA fined four investors for uncovered short selling in Nordic Mining ASA (NOM). Main Points Investors sold NOM shares, fulfilling delivery obligations after the sales with newly issued shares; at the time of sale, the new share capital was not registered in the […]
On 21 December 2023, SK FSC imposed fine of KRW 2.02bn on hedge funds and on 22 December 2023, SK FSS also published a press release about the violations above. SK FSC imposed a fine of KRW 2.02bn on three hedge funds, after deciding that the trading behavior that occurred while block deal trading violated […]
S Korea FSC Fines for Naked Short Selling
Norway FSA Fines for Short Selling Violations
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 […]
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 […]