On 20 May 2021, ESMA recommended to the European Commission (EC) to permanently maintain the .1% threshold (temporarily implemented due to pandemic) to notify net short positions on shares to national competent authorities (NCAs). ESMA's press release is available here.
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Sweden – FI Issues Fine for Failure to Report Short Selling
On 14 May2021, SWE FI ordered Unwrap Finance Nordic to pay SEK 25mn. Unwrap Finance Nordic received fine for failure to submit short selling notifications. Compliance Failure Failure to notify SWE FI that the company's net short position in shares in ArcAroma AB had reached or fallen below the relevant thresholds for notification on 57…
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Rulefinder Reports Temporary Short Selling Ban
On 14 May 2021, Rulefinder reported a temporary short selling ban effective 17 May.
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Sweden – FI Fines for Late Short Selling Disclosure
On 23 April 2021, the Swedish regulator, Finansinspektionen fined Renaissance Technologies LLC SEK 1,000,000. Renaissance was late in reporting the company's net short position in shares in Oriflame Holding AG. Short positions had, on 47 occasions reached or fallen below the relevant notification thresholds.
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S Korea – Temporary Short Selling Ban in Effect
On 6 May 2021, the Korea Exchange announced a temporary short selling ban for two securities for one trading day.
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SKorea – FSC Tightens Short Selling Rules
On 27 April 2021, SK FSC said its chairman took part in short selling mock testing to resume trades. Financial investment-related entities and securities houses also participated, to carry out a final test to ensure normal operation of related computerized systems. Mock testing covered the entire process, with particular focus on compliance with obligation to…
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