Rulefinder Alerts to Temporary Short Selling Bans
On 17 November 2022, Rulefinder alerted subscribers to temporary short selling bans in two countries. Short selling bans are effective on 18 November 2022.
S Korea – FSC Respond to Illegal Short Selling
On 9 November 2022, SK FSC finalized Regulations on financial investment business. Cover revisions regarding foreign corporate shareholders of credit rating agencies too. Follows SK FSC August 2022 propose revisions re foreign shareholders. Revised Regulations are effective from the same day, but with transition measures. Background: Consultation paper issued in September proposing rules to reinforce […]
S Korea – FSS Foreign Investment Business
On 4 November 2022, SK FSS proposed rules on registration, short selling disclosures. SK FSS proposed Detailed regulations of the regulations on financial investment business, to ease burden on foreign investment business submitting documents. Revise registration form; update existing form and introduce new form for fulfilling reporting obligation associated with lending transactions when reporting balance […]
Rulefinder Alerts to Temporary Short Selling Bans
On 3 November 2022, Rulefinder alerted to temporary short selling bans in two countries. In Turkey, there were new and extended short selling bans. In Korea, there were new temporary short selling bans for one-day of trading. Effective: Temporary short selling bans are effective 3 and 4 November 2022 respectively.
U.S. – FINRA Short Selling Reporting FAQs
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 […]
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 […]