On 22 November 2023, UK Treasury published Short selling regulations 2024 policy note and draft statutory instrument to replace the EU-inherited SSR. Draft statutory instrument will implement the reforms to the UK short selling regime set out in the call for evidence response document dated 11 July 2023 (above). UK GVT welcomes any technical comments […]

On 16 November 2023, SK FSC and SK FSS attended a meeting on short selling reform measures with the private sector, the ruling party, and the government. Participants discussed a direction for improvements to the short selling system, which aims to level the playing field, prevent naked short sales in advance, strengthen detection, punishment of […]

On 16 November 2023, CIRO, CSAs published Bulletin 23-0173 on feedback obtained on short-selling framework; no consensus on proper regulatory regime for short selling. Reiterate short selling plays important role in financial markets; promote transparency, contributes to liquidity, price discovery, market integrity and investor protection.

On 14 November 2023, HKEX issued circular on ETP short selling turnover. HKEX enhanced dissemination of exchange traded product (ETP) short selling turnover. Background Most short ETP selling activities are conducted for liquidity provision by market maker. The short positions of ETPs are generally closed out within a short period of time. The enhancement will […]

On 8 November 2023, FINRA published schedule of short selling reporting dates for 2024

On 7 November 2023, HK SFC prosecuted individual for fraudulent scheme. HK SFC said Ms Christine Yeung Tak Sum is facing trial in Eastern Magistrates’ Court for charges related to fraudulent scheme in securities transactions, illegal short selling. This case marks the first prosecution by HK SFC involving a defendant accused of employing a fraudulent […]