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…
Read more
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…
Read more
U.S. – SEC Reopens Short Selling Consultation
On 7 October 2022, SEC reopened the public comment period due to a technological error. Reopened until 14 days after publication of reopening release in the federal register. Background: On Feb. 25, SEC proposed to enhance short selling disclosure reporting. Also SEC amends CAT NMS plan for short seilling disclosure report.
Read more
12 October 2022 – Hong Kong SFC Fines for Short Selling Disclosure Failures
Hong Kong SFC Fines for EU Short Selling Reporting Failures
Read more
6 October 2022 – U.S. FINRA Fines for Inaccurate Short Selling Disclosures
U.S. FINRA Fines for Inaccurate Short Selling Reporting
Read more
Rulefinder Alerts to Temporary Short Selling Bans
On 6 October 2022, Rulefinder identified temporary short selling bans in two countries. Effective: 7 October 2022
Read more