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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Hong Kong – SFC Fines for Inaccurate Short Selling Disclosure
On 22 February 2021, HK SFC fined Brilliance Asset Management Ltd $3.15mn. HK SFC fined Brilliance Asset Management Limited $3.15mn for failures to ensure short position reports (SPRs) for 4 collective investment schemes (CIS) were accurate. Also failed to ensure the schemes under its management complied with requirements under securities and futures (short position reporting)…
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ESMA Net Short Position Threshold
On 22 February 2021, EU ESMA issued the renewal decision of 16 December 2020, in EU OJ. The short selling threshold is in force from 19 December 2020 and applies for three months to 19 March 2021.
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Rulefinder Reports Extension of Short Selling Ban
On 21 February 2021, aosphere's Rulefinder reported an extension of the temporary short selling ban in Malaysia. Learn more at Rulefinder.
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France – AMF Updates Guidance on Short Selling
On 1 February 2021, FR AMF updated guidance page on the EU regulation on short selling. Including updated excel file containing the history of net short positions made public.
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