On 16 September 2020, Sweden's regulator, Finansinspektionen reported that Pictet Asset Management Limited is being fined for late reporting of net short positions. Pictet shall pay a special fee of SEK 10,000 for having its late notification of a short net position in shares in SKF Pictet shall shall pay a special fee of SEK 10,000…
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Sweden – FI Fines for Late Short Selling Report
On 14 September 2020, the Swedish Financial Supervisory Authority issued a fine against SCGE Fund L.P. for late notification of a short net position in shares in Fingerprint Cards AB on 17 January 2018 which had fallen below a relevant disclosure threshold. SCGE Fund L.P.shall pay a special fee of SEK 10,000
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France – AMF Enforcing Ban on Short Sales
On 7 September 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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Rulefinder Provides Data for Takeovers and Short Selling
Rulefinder, a leading regulatory reference product offered by aosphere, LLP offers data for Takeovers and Short Selling bans.
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South Korea – Extension of Short Selling Ban
On 27 August 2020, SK FSC extended the ban from 16 September 2020 to 15 March 2021. Lifting of share buyback limits for listed companies is also extended during the period.
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Sweden – Fines BNP Paribas Late Short Selling Report
On 26 August 2020, SWE FI issued fine to BNP Paribas for late reporting. SWE FI imposed fine of SEK 5,000 to BNP Paribas due to failure to notify on time a short net position in shares in SAS AB achieved relevant threshold for notification. Based on §5 of Act [2012:735] with supplementary provisions of…
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