On 7 December 2020, EU ESMA issued an updated list of market makers and authorized primary dealers using the exemption in regulation on both short selling and CDS.
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Canada – CSA Activist Short Selling Concerns
On 3 December 2020, CSA consulted on activist short selling impact on markets. CSA issued consultation paper to facilitate discussion of concern re activist short sales. The paper sets out findings from CSA research, on the subject, which began in 2019. Summarizes stakeholder concerns, Canadian and international regulatory frameworks. Background Activist short selling involves taking…
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E.U. – ESMA Net Short Selling Threshold
On 18 November 2020, EU ESMA issued notification thresholds for sovereign issuers.
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E.U. – ESMA Renews Lowered Short Selling Threshold
On 13 November 2020, EU ESMA issued the renewal decision of 16 September 2020, in EU OJ. Decision in force from 18 September 2020; applies from that date for a period of 3 months.
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France – AMF Enforcing Ban on Short Selling
On 2 November 2020, FR AMF updated guidance page on the EU regulation on short selling. Including updated excel file containing the history of net short positions made public.
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U.K. FCA Net Short Position Reporting
On 28 October 2020, UK FCA issued guidance on net short position reporting. UK entered transition period on 31 January 2020, which ends at 11pm on 31 December 2020. During the transition period, the EU short selling regulation (regulation (236/2012) (SSR) continues to apply in UK, including the market making exemption. Current Reporting Obligations During…
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