On 11 March 2021, SK FSC amended financial investment service regulations. SK FSC proposed amendments to financial investment services regulations short sales. Follows January 2020 SK FSC amendments for restrictions on short selling. Short Sales and Capital Increases Provides that FSC can separately determine calculation method for each type of credit. Exceptions allow for short…
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Canada – CSA Response Activist Short Selling Concerns
On 10 March 2021, CSA issued comments received on activist short sale consultation.
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France – AMF Enforcing Ban on Short Selling
On 4 March 2021, FR AMF updated guidance page on the EU regulation on short selling. Includes updated excel file containing the history of net short positions made public.
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Sweden – FI Short Selling Rules Reminder
On 25 February 2021, SWE FI reminded market of the rules for short selling. SWE FI reminded supervised subjects of short selling rules and duty to report position. Overview Short sale means sale of a security that seller does not own at the time of the sale. Seller has instead borrowed or ensured that security…
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South Korea – FSC Proposed Changes to Short Selling Rules
On 25 February 2021, SK FSC proposed amending capital market research regulations. To establish specific guidelines for imposing fines for those who violate the obligation to store and submit loan transaction information for the purpose of short selling. If there is a final judgment of court fine for the same case after the imposition of…
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South Korea – FSC Fines for Naked Short Selling Violations
On 24 February 2021, SK FSC fined 10 overseas financial firms for violations. SK FSC decided to impose a total penalty of KRW685mn on 10 overseas financial companies, following results of an investigation into violation of short sale restrictions. Follows December 2020 SK FSC updated on bill relating to illegal short-selling. Violations There was a…
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