On 16 December 2020, MLY SCM, BML announced uplifting of the temporary suspension of regulated short selling (RSS), and reviewed other market management measures. Suspension of RSS, scheduled to expire on 31 December 2020, will be uplifted on 1 January 2021. Will have enhanced control measures; daily gross short position limit for approved securities temporarily…
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S Korea – FSC Increases to Short Selling Sanctions
On 10 December 2020, SK FSC updated on passage of bill re illegal short-selling. SK FSC stated that the bill to regulate illegal short-selling was passed at the Dec. 9 plenary session of the national assembly, and now required cabinet approval. The bill covers the imposition of penalty charges and imprisonment of at least 1…
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France – AMF Updates Guidance on Short Selling
On 8 December 2020, 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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E.U. – ESMA Updated List of Short-Selling Exemptions
On 7 December 2020, EU ESMA issued an updated list of market makers and authorized primary dealers using the exemption in regulation on both short selling and CDS.
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Canada – CSA Activist Short Selling Concerns
On 3 December 2020, CSA consulted on activist short selling impact on markets. CSA issued consultation paper to facilitate discussion of concern re activist short sales. The paper sets out findings from CSA research, on the subject, which began in 2019. Summarizes stakeholder concerns, Canadian and international regulatory frameworks. Background Activist short selling involves taking…
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E.U. – ESMA Net Short Selling Threshold
On 18 November 2020, EU ESMA issued notification thresholds for sovereign issuers.
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