On 16 March 2022, the SEC issued proposal in federal register, comments by 26 April 2022. Background: On 25 February 2022, the SEC proposed to enhance short selling disclosure reporting. Proposed Rule 13f-2 and Proposed Form SHO Rule 13f-2 designed to provide greater transparency via publication of short selling data. By requiring manager to…
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India – FIA Short Selling Gvt Securities
On 4 March 2022, IND FIA updated on eligible liquid securities for March 2022. Background: As per RBI guidelines, banks/PDs can short sell eligible IND GVT securities up to the regulatory limit, which is 2% of the outstanding stock or INR 500 Cr for liquid. Or 1% of the outstanding stock or INR250 Cr whichever…
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E.U. – ESMA 2020 Short Selling Ban Impact
On 1 March 2022 ESMA issued a market impact analysis on short selling bans. ESMA issued a market impact assessment of the 2020 short selling bans in the EU. Follows ESMA May 2020 noted non-renewal of national short-sale bans. Market Impact The severe market stress of March 2020 pushed six European authorities to impose short…
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Rulefinder Identifies New Temporary Short Selling Ban
On 2 March 2022, Rulefinder alerted subscribers to a new temporary short selling ban in South Korean issuer WIMCO.
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U.S. – SEC Short Selling Reporting Changes Proposed
On 25 February 2022, SEC proposed to enhance short selling disclosure reporting. SEC proposed new SRT Rule 13f-2, and corresponding Form SHO, require institutional investment managers to report short sale and related information on a monthly basis. SEC would then make aggregate data about large short positions, including daily short sale activity data, available to…
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Norway – Europalov Short Selling Regulation
On 18 February 2022, Europalov announced EEA memorandum on reporting threshold for short selling of 17 February 2022. The regulation must be implemented in Norwegian law by incorporation, so provision is included in law or regulation that it applies as law or regulation, respectively. Its implementation will not have significant financial consequences for NORFSA. It…
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