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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E.U. – ESMA Updated Links to Short Selling Disclosure Sites
On 24 September 2021, ESMA updated links to net short position disclosure sites. ESMA issued updated document listing links to national websites where procedures for notification of net short positions under short selling regulation (SSR) are explained. This information is provided to assist with SSR requirements to notify competent authorities and to publicly disclose net…
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Israel – TASE Deadline Extension on Short Selling Consultation
On 12 September 2021, ISR TASE announced a deadline extension for consultation to 7 October 2021. Re its proposal to amend Chapter E in the third part of Stock Exchange's Articles of Association and Chapter G of the guidelines thereunder. The rules on short selling were written many years ago; the changes over time introduced…
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India – FIA Short Selling Gvt Securities
On 9 September 2021, IND FIA updated eligible securities for September 2021. IND FIA updated on the eligible securities for the short selling of the Government of India liquid securities applicable for the month of September 2021, from 5 September to 4 October. As per RBI guidelines, banks/PDs can short sell eligible IND GVT securities…
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Israel – TASE Guidelines on Short Selling
On 2 September 2021, ISR TASE proposed changes to guidelines on short selling. ISR TASE issued draft document outlining amendments to guidelines on short sales. 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…
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Sweden – FI Fines for Late Short Selling Disclosure
On 1 September 2021, SWE FI imposed SEK 600k fee for late notice on positions. SWE FI stated that Carmignac Gestion must pay special fee of SEK 600,000. Relates to late notification that its net short positions in shares in three different issuers have on 27 occasions passed the relevant notification thresholds. A matter on…
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