On 22 June 2021, GE PRL announced submission of the final report into Wirecard. Investigation into the behavior of GE GVT in connection with the incidents re Wirecard. Concluded that the Finance Ministry failed to detect fraud that cost investors millions. The report will be the subject of a one hour debate in the GE…
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Temporary Short Selling Ban in Effect
On 17 June 2021, Rulefinder reported a temporary short-selling ban will be in effect on 18 June in four securities listed on the Korean exchange.
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Sweden – FSA Updates Short Selling FAQs
On 14 June, the Swedish regulator, Finansinspektionen published updated short selling FAQs on its website. FAQs are in Swedish only.
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Taiwan – FSC Securities Borrowing Rules
On 9 June 2021, TAI FSC adjusted standards on margin purchase and short selling. Follows TAI FSC market maker system soon to be launched end of June. Daily volume limit of 30% for intraday securities borrowing and selling does not apply for securities firms acting as stock market maker, providing quotations or for hedging. Clarified…
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U.S. – FINRA Enhanced Short Selling Reporting
On 4 June 2021, FINRA requested comment on short selling reporting changes. FINRA requested comment on potential enhancements to short selling reporting program. Proposed enhancements to its short interest position reporting rules. Short Sale Reporting Proposal Modifications proposed to FINRA short interest reporting requirements, to consolidate publication of short interest data reported to FINRA for…
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Australia – ASIC Activist Short Selling
On 1 June 2021, AST ASIC published guide on activist short selling. AST ASIC published information sheet on outlining the practice of activist short selling campaigns and its expectations to promote market integrity during such campaigns. Activist Short Selling Involves taking a short position in a financial product, and then publicly disseminating information that might…
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