On 23 December 2020, HK SFC fined Fulbright Securities find $3.6 million. HK SFC fined Fulbright Securities $3.6 mn for internal control failures relating to short selling and for failing to report related short selling incidents to SFC in timely manner. Findings From October 2015 to March 2016, there were at least 93 instances of…
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Thailand – SET Short Positions Not Covered
On 22 December 2020, Thai SET issued guidelines on reporting short positions. Thai SET issued guideline for short selling reporting for positions which have not been covered, with an example of the calculation amount and adjustment of such short positions. Reporting All member companies and non-member securities companies have a duty to submit report on…
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Finland – FSA Net Short Position Threshold
On 18 December 2020, FINFSA announced ESMA decision on extension of lower threshold for 3 months for short selling reporting. Has no effect on disclosure limit for net short positions (0.5%).
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South Korea- FSC Market Maker Rules Re: Short Selling
On 21 December 2020, SK FSC issued measures on market makers, short sell. SK FSC introduced measures to improve market maker rules and strengthen detection of illegal stock short-selling activities, to boosting accountability in the market. Follows 10 December 2020 national assembly passage of bill on illegal short-selling. Market Makers Recently, there have been concerns…
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EFTASA Net Short Selling Reporting Threshold
On 17 December 2020, EFTASA renewed decision for disclosure of net short positions 0.1% and over; with ESMA decision extends validity of previous measures. Both of the new decisions will apply from 19 December 2020, for a period of three months.
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E.U. – ESMA Short Selling Reporting Threshold
On 17 December 2020, EU ESMA renewed decision requiring net short position holders to report positions of 0.1% and over This will apply from 19 December 2020, for a period of three months.
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