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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U.K. – SBAI Short Selling Rules Response
On 3 March 2023, SBAI responded to call for evidence on short selling rules. SBAI issued a response to UK Treasury's call for evidence on short selling regulation. Document dated 3 March 2023, received 7 March 2023, and summarized on 9 March 2023. Follows UK Treasury December 2022 published short selling call for evidence. Response…
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U.K. – ISLA Short Selling Regulation Response
On 6 March 2023, ISLA confirmed responding to the short selling consultation. On 6 March 2023, ISLA confirmed that, on 5 March 2023 it had submitted its response to UK Treasury's Call for Evidence on the Short Selling Regulation (SSR), setting position. Follows UK Treasury December 2022 published short selling call for evidence. Response Overview…
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8 March 2023 – S Korea -FSC Fines ~$4M for Naked Short Selling
FSC Fines ~$4M for Naked Short Selling
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Rulefinder Identifies Several Temporary Short Selling Bans
On 8 March 2023, Rulefinder alerted subscribers to nine issuers with temporary short selling bans. These short selling bans will be effective 9 March 2023.
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U.K. – MFA Issues Letter to Discourage Public Disclosure of Short Selling
On 2 March 2023, the global hedge fund industry trade body, the Managed Funds Association (MFA), suggested in a letter to Britain's HM Treasury that it should dispense with short selling disclosure to the public. Britain is currently reviewing its short selling regulations.
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