On 20 August 2020, TAI FSC implemented the amendments to margin purchase / short selling rules. Background TAI FSC announced upcoming amendment to standards governing eligibility of securities for margin purchase and short sale, in response to market demand and suggestions. To relax criteria for eligibility, OTC companies with paid-in capital of over NTD600mn do…
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Short Selling Ban Extension
Rulefinder reports an extension to existing short selling ban in Turkey.
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Sweden FI Fines for Late Short Selling Reporting
On 14 August 2020, Rye Bay Capital LLP was fined SEK 10,000 for having notified the Swedish Financial Supervisory Authority late that a short net position in shares in Peab AB fell below a relevant disclosure threshold.
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Egypt – EGX Securities List Allowed for Short Selling
On 10 August 2020, EGX announced that the financial regulatory authority (FRA) has approved EGX proposals regarding criteria of shares eligible for short selling. EGX suggested adjusting the market capitalization ratio of a company’s free-float to be reduced from the 0,005 currently applied, to 0,001. Sets out quantitative criteria for eligibility, after studying best global…
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France – AMF Enforcing Ban on Short Sales
On 4 August 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 Net Short Position Threshold
On 30 July 2020, EU ESMA issued decision 2020/1123 of 10 June 2020, on renewal in OJ.
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