On 3 January 2020, EU ESMA issued updated list of market makers and authorized primary dealers using the exemption in the regulation on short selling and CDS.
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RRS Reports Temporary Short Selling Ban
Effective 27 December 2019, there will be a temporary short selling ban; find out more here.
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Rulefinder Reports Temporary Short Selling Ban
On 20 December 2019, Rulefinder reported temporary short selling bans in two jurisdictions. Find out more here.
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E.U. – Short Sale Market-Making
On 3 December 2019, EU ESMA published compliance table re guidelines on short-selling. Background On 1 February 2019, ESMA issued guidelines on short selling exemption for market making. Criteria to be met for market making exemption, and conditions to assess notification. Market maker to be member of venue that trades instrument, conducts market making. Qualifying…
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Temporary Short Selling Ban Effective Today
Rulefinder reports a temporary short selling ban effective today.
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Hong Kong – SFC Fine China Rise for Short Sale
On 31 October 2019, HK SFC issued fine regarding short selling, cross trades. China Rise Securities Asset Management Company Ltd (China Rise) reprimanded, fined $6.3mn for regulatory breaches, internal control failures re short selling, cross trades. Allegations CEO placed 199 illegal short selling orders on listed securities for his personal account and a client's discretionary…
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