On 13 November 2020, EU ESMA issued the renewal decision of 16 September 2020, in EU OJ. Decision in force from 18 September 2020; applies from that date for a period of 3 months.
Read more
France – AMF Enforcing Ban on Short Selling
On 2 November 2020, FR AMF updated guidance page on the EU regulation on short selling. Including updated excel file containing the history of net short positions made public.
Read more
U.K. FCA Net Short Position Reporting
On 28 October 2020, UK FCA issued guidance on net short position reporting. UK entered transition period on 31 January 2020, which ends at 11pm on 31 December 2020. During the transition period, the EU short selling regulation (regulation (236/2012) (SSR) continues to apply in UK, including the market making exemption. Current Reporting Obligations During…
Read more
E.U. – ESMA Short Selling Translations
On 28 October, 2020, EU ESMA issued official translations of its renewal decision of 16 September 2020 to lower reporting thresholds of net short selling positions under art 28 of SSR.
Read more
Sweden – FI Fines for Late Short Selling Notification
On 19 October 2020, the Swedish regulator, Finansinspektionen fined Suvretta Capital Management LLC for late short selling notification. Suvretta Capital Management LLC shall pay a special fee of SEK 25,000.
Read more
U.K. – FCA Fines ARCM on Short Selling Disclosures
On 14 October 2020, UK FCA fined ARCM £873k over short selling disclosures. UK FCA fined Asia Research and Capital Management Ltd (ARCM) transparency failures This is the first FCA enforcement action, for breaches of short selling disclosure rules. Breaches The firm failed to notify the FCA and disclose to the public its net short…
Read more