On 27 October 2022, FINRA provided FAQs about short selling reporting. FINRA issued FAQs on short selling reporting requirements under FINRA Rule 4560. FAQs pertains to the reporting to FINRA of short positions in OTC Equity securities, as defined in FINRA Rule 6420, and securities listed on a national securities exchange. Short Interest Reporting Specified…
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Taiwan – FSC Limits Daily Short Selling
On 21 October 2022, TAI FSC introduced measures to protect the rights of investors and avoid the accelerated decline of individual stock prices due to short selling transactions. For listed/OTC stocks and Taiwan depository receipts through the securities lending system, if the closing price on that day falls by more than 3.5%, SBL prices for…
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S Korea – KRX Short Selling Rules Revision
On 20 October 2022, KRX started enforcement of strengthened designation policy for overheated short-selling issues in its markets (KOSPI, KOSDAQ, KONEX) on 24 October 2022. In September and October, KRX developed an electronic system and carried out mock trading. Expects that number of designations' of overheated short selling issues and number of days on which…
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Rulefinder Alerts for Temporary Short Selling Bans
On 24 October 2022, Rulefinder identified temporary short selling bans in two countries. Effective: Short Selling bans effective 25 October 2022.
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Hong Kong – SFC Fined ARCM on Short Selling
On Oct. 12, HK SFC fined ARCM HKD 1.75mn for disclosure breaches. HK SFC reprimanded and fined Asia Research & Capital Management Limited (ARCM). Fined HKD 1.75mn for failures relating to its non-compliance with the EU’s short-selling reporting requirements and for not promptly notify HK SFC of breaches. HK SFC also banned former senior executive…
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Taiwan – FSC Tightens Short Selling Rules
On 11 October 2022, TAI FSC, adjusted the daily intraday securities borrowing and selling orders and margin ratio for securities lending due to political and economic situation. Intraday short selling orders shall not exceed 10% of the daily average transaction volume of the securities in the preceding 30 business days, with certain exceptions. Minimum margin…
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