On 31 March 2023, RSA FSCA issued draft standard on short sale disclosures. RSA FSCA issued draft conduct standard re reporting and disclosure of short sales. Follows December 2018, RSA FSCA released discussion papers on short selling. Draft Standard Current regulatory framework in South Africa does not prescribe requirements for the reporting and disclosure of…
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S Korea – Rulefinder Alerts to Temporary Short Selling Bans
On 31 March 2023, Rulefinder alerted subscribers to new temporary short selling bans in several issuers in S Korea. These short selling bans will be effective on 3 April 2023.
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Rulefinder Alerts to Temporary Short Selling Bans
On 23 March 2023, Rulefinder alerted to multiple temporary short selling bans in S Korea. Short selling bans will be effective for 1 trading day on 24 March 2023.
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Rulefinder Alerts to New Temporary Short Selling Bans
On 16 March 2023, Rulefinder alerted subscribers to three issuers with temporary short selling bans. These short selling bans will be effective 17 March 2023.
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Australia – ASIC Relaxation of Short Selling
On 13 March 2023 the AST GVT registered the 4th compilation dated 21 February 2023, ASIC corporations (short selling) instrument 2018/745 to reflect ASIC corporations (amendment) instrument 2023/24 above. This 4th compilation shows the text of the law as amended and in force on 31 January 2023.
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SKorea – FSS Impose First Short Selling Violations
On 9 March 2023, SK FSC published the first penalties for short selling rule violations. Background SK FSS imposed first penalties against 2 firms for violating short selling regulations. Follows SK FSC April 2021 changed to capital market research rules. Penalties Imposed fines of KRW 3.87 billion and KRW 2.18 billion, respectively on the two…
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