On 2 September 2022, the FSA in Finland issued a press release announcing its plans to introduce an electronic submission requirement for short selling reporting. Required financial institutions should register for portal credentials at their earliest convenience at Suomi.Fi eAuthorizations Portal Several documents along with notarization are required Instructions are available at the FIN-FSA website:…
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Rulefinder Alerts to Temporary Short Selling Bans
On 6 September 2022, aosphere LLP's Rulefinder substantial shareholding disclosure solution identified and alerted to temporary short selling bans in two countries. Effective: Short selling bans effective 7 September 2022.
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France – AMF Short Selling Anomalies
On 29 August 2022, FR AMF encouraged firms to report anomalies identified in short selling reports. Follows FR AMF November 2021 issued guidance on EU short selling regulation. Overview The EU Short Selling regulation (VAD) provides for notifications to the regulator and to the market of net short positions accumulated above certain set thresholds. So,…
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Rulefinder Alerts to Temporary Short Selling Bans
On 25 August 2022, aosphere LLP's Rulefinder service alerted subscribers to temporary short selling bans in two countries. Effective Date: Short selling bans effective on 26 August in Turkey and S Korea.
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S Korea – KRX Short Selling Revisions
On 22 August 2022, KRX issued plans to update rules re short selling issues. KRX published notice of its intention to revise the enforcement rules for its securities markets to strengthen designation system for stocks under overheated short selling. Changes to be made as follow-up to recent new detection and punishment measures. Follows SK FSC…
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U.S. – FINRA Fines for Short Selling Violations
On 18 August 2022, FINRA fined Gar Wood Securities for short selling violations. FINRA accepted AWC from Gar Wood Securities to settle allegations that firm accepted short sale orders without obtaining locates, maintain supervisory system for reporting. Gar Wood violated FINRA Rule 2010 and SEA Reg SHO Rule 203 ((17 CFR 242.203). Violated FINRA Rule…
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