FINRA Fines for Short Selling Reporting Failure
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Liechtenstein – FMA Updates Net Short Selling Regulation
On 29 June 2023, Liechtenstein FMA issued rules amending Securities Regulations. Amends the Securities Regulations 876/2007 on net short selling. Follows EFTA June 2023 confirmed EEA JC decision entered in force. Overview Change impacts Reg 876/2007 S3-9, now on Implementation of Regulation 2022/27. EEA Agreement Annex IX 29f Regulation 2022/27 (on adjustment of relevant threshold…
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Norway – GVT Significant Net Short Selling Regulation
On 29 June 2023, NOR GVT issued rules amending Securities Regulations. NOR GVT issued Reg 1156 amending the Securities Regulations 876/2007 on net short selling. Follows EFTA June 2023 confirmed EEA JC decision entered in force. Overview Change impacts Reg 876/2007 S3-9, now on Implementation of Regulation 2022/27. EEA Agreement Annex IX 29f Regulation 2022/27…
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UK – Treasury FSMA 2023 Passed Covers Short Selling
On 29 June 2023, UK Treasury said law provides UK's post-Brexit framework. UK Treasury announced Financial Services and Markets Act 2023 received royal assent. Royal assent secures passage into law of the overhaul of financial services regulation. Follows Treasury July 2022 introduced Financial services and markets bill. Follows UKP March 2023 issued details of Lords…
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Rulefinder Alerts to Temporary Short Selling Bans
On 28 June 2023, Rulefinder alerted to new temporary short selling bans in S Korea. Short selling bans effective for one day on 29 June.
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HK – SFC Charges 4 with Illegal Short Selling
On 23 June 2023, HK SFC said 4 people charged for illegal short selling. HK FSC said 4 suspects who were charged with securities fraud and illegal short selling appeared at the Eastern Magistracy; the case will be adjourned to Aug. 18, 2023. Discovered their suspicious trading activities during joint operation with the police. The…
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