On 13 October 2021, Rulefinder alerted subscribers to a temporary short selling ban effective 14 October 2021 through 12 November 2021.
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U.K. – FCA Updated Short Selling Guidance
On 4 October 2021, UK FCA updated short selling guidance page to update sterling price. FINMAR 2.5.6 sets out details on exchange rate used for converting EUR into GBP for purposes of calculating a significant fall in value (article 23(1)(b) of reg 918/2012). From 1 October 2021, the corresponding sterling price for €0.5 is £0.43.…
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Israel – TASE Extends Short Selling Consultation Deadline
On 29 September 2021, ISR TASE further extended deadline for consultation until 31 October. Key Changes Delete the definitions lender member and borrowing member, correct the definitions sale missing, lender and borrower, and add a definition to missing balance. Amend definition of short sale so a customer who borrows a security from a member and…
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Rulefinder Reports Temporary Short Selling Ban Effective Today
On 30 September 2021, Rulefinder identified several temporary short selling bans effective 1 October 2021.
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E.U. – Commission Adopts 0.1% Short Selling Threshold
On 27 September 2021, EU CMSN adopted regulation regarding the notification threshold. Article 1 amends Article 5(2) of the Short Selling Regulation by setting the threshold for notification to competent authorities of significant net short positions in shares to 0.1 % of issued share capital of the company concerned, and each 0.1 % above that.…
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E.U. – ESMA Issues Consultation on Short Selling Regulation (SSR)
On 24 September 2021, EU ESMA issued consultation to review short sale rules. ESMA published a consultation on the review of the short selling regulation (SSR). Follows ESMA March 2021 confirmed it will not renew decision that net short positions holders, traded on EU market, must notify NCA if position reaches 0.1%. Follows ESMA May…
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