On 1 April 2021, SWE FI said it will investigate Nordnet Bank short selling. SWE FI reported survey on internal governance and control re short-selling ordinance. On how Nordnet Bank AB ensures customers who carry out short selling, will comply. Follows SWE FI February 2021 reminded market of the rules for short selling. Objective To…
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SKorea – FSC Short Selling Exceptions
On 30 March 2021, SK FSC announced that amendments to the enforcement decree of financial investment services and capital markets act (FSCMA) have been approved. Revision created imposition of penalty surcharges on illegal short sale activities. Short sellers must keep their securities lending agreements for five years, to present to authorities upon request; decree prescribes…
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Saudi Arabia – Tad Amended Short Selling, SBL
On 25 March 2021, SAU Tad amended short sale, securities borrowing rules. Saudi Stock Exchange (SAU Tad) and Securities Depository Center Company (EDAA) issued amended short selling and securities borrowing and lending (SBL) regulations. Also amended the Exchange and Centre Procedures and glossary of exchange rules. Follows February 2020 consultation with draft amendments to the…
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Norway – FSA Short Sales Market Mapping
On 23 March 2021, NORFSA reported on Norwegian stock market mapping. Report on Norwegian short selling activity stock market development trends 2019-20. To help prevent market abuse, aid intervention in serious threat to financial stability. Provides short positions data insights from register at aggregate level, includes below 0.5%; these are large proportion of total reported…
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Denmark – FSA Halts Net Short .1% Threshold
On 17 March 2021, DEN FSA reported net short position holders decision end. DEN FSA noted ESMA's temporary decision on the threshold for notifying short positions expires 19 March 2021, as GDP forecasts show some optimism for recovery. Follows ESMA March 2021 ended decision on holders of net short positions. Net Short Position Threshold Decision…
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Iceland – CB Cancels Net Short Position Threshold
On 15 March 2021, ICL CB reported end of net short position holders decision. ICL CB noted EFTASA's temporary decision on the threshold for notifying short positions expires 19 March 2021, as GDP forecasts show some optimism for recovery. Follows ESMA March 2021 ended decision on holders of net short positions. And follows EFTASA March…
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