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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U.K. – FCA Net Short Position Reporting
On 19 April 2021, UK FCA updated lists of exempted shares, short positions disclosed. Further Information See Short Selling (Amendment) (EU Exit) Regulations 2018; and FCA 2019/54. Further information on the changes introduced by the onshored SSR is available in FCA Primary Market Bulletins (PMB) 21 and 24 published in February and October 2019.
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Hong Kong – SFC Fines Optimas Capital for Short Selling
On 15 April 2021, HK SFC fined Optimas Capital due to short selling reporting failures. HK SFC has reprimanded Optimas Capital and fined it HKD1.05mn over failures. It did not ensure short position reports (SPRs) for a collective investment scheme (CIS) under its management were accurate and compliant with the requirements. Investigation An SFC investigation…
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S Korea – FSC Short Selling Exceptions
On 15 April 2021, SK FSC chairman Eun Sung-soo met with securities companies and spoke on preparatory measures for partial resumption of stock short-selling on 3 May 2021. SK GVT has been operating a response team to root out illegal and unfair marketing or advising practices in markets, prevent inappropriate activities, improve regulations. Of four…
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