On 15 April 2020, AUT FMA extended the short sale ban in some financial instruments. It relates to entering new net short positions or increasing existing net short positions. Transactions by market makers and some trades in financial instruments are exempt. AUT FMA has agreed procedure with ESMA and the procedure has been harmonized. The…
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ESMA – Short Selling Ban Extensions
On 15 April 2020, ESMA issued positive opinions on ban extensions. ESMA issued positive opinions on short selling bans by national competent authorities. Follows FR AMF March 2020 announced one month ban on short selling. Follows AUT FMA March 2020 banned short selling on Vienna exchange. Follows ESMA Mach 2020 positive opinions on BEL FSMA,…
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Austria – FMA Consultation on Extension of Short Selling Ban
On 6 April 2020, AUT FMA issued consultation on extending the ban until 16 July 2020. Due to the exceptional situation, consultation is open for responses until 8 April 2020.
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Hong Kong – SFC Fine China Rise Short Selling
On 31 March 2020, HK SFC banned former CEO/RO of China Rise until 29 July 2022. Former RO and ex-head of dealing of China Rise also suspended until 29 October 2020. Disciplinary action follows CEO's earlier convictions in 2017 for illegal short selling. Both had failed to discharge duties as members of China Rise’s senior…
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U.K. – FCA Short-Selling Statement
On 23 March 2020, UK FCA issued statement short-selling in UK Markets. FCA is working with international counterparts in US, EU and elsewhere, so markets can remain open and orderly, and so they can continue to perform their essential role. Despite significant volatility, markets continue to operate in an orderly fashion in UK. UK Ban…
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E.U. Net Short Position Threshold
On 16 March 2020, ESMA issued decision on net short position holders. ESMA issued a decision temporarily requiring holders of net short positions in shares, traded on EU regulated market, to notify NCA if the position reaches or exceeds 0.1%. Lower 0.1% Notification 0.1% is calculated based on issued share capital, after entry into force…
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